New Economic Realities
In April of 2008, after three years of serious losses totaling 115 million euros at the end of 2007, Pininfarina made the first of several moves to raise capital and restructure it's enormous debt:
Read more about this topic: Pininfarina, History
Famous quotes containing the words economic and/or realities:
“The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.”
—John Kenneth Galbraith (b. 1908)
“I have, indeed, even omitted facts, which, on account of their singularity, must in the eyes of some have appeared to border on the marvelous. But in the forests of South America such extraordinary realities are to be found, that there is assuredly no need to have recourse to fiction or the least exaggeration.”
—J.G. (John Gabriel)