Legendary design firm Pininfarina is ending its auto production business, but will retain its engineering and design divisions. Pininfarina said it will shed 127 jobs due to the division’s closing.
“Unfortunately we are having to stop our production activities, given the way the car market is. So we are focusing on design and engineering,” a Pininfarina spokesman told Reuters.
Pininfarina has a long and storied history, having designed most Ferrari and Alfa Romeo vehicles, as well as numerous other vehicles.