Pininfarina, Volvo sign jt venture convertible deal


MILAN, Sept 22 (Reuters) - Italian car designer Pininfarina and Swedish automaker Volvo said on Monday they had signed an agreement to form a joint venture to develop and produce a new Volvo convertible car. Pininfarina will own 60 percent of the Sweden-based venture, with Volvo, controlled by Ford Motor Co. , holding the other 40 percent, the companies said in a statement.

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