Bertone, the Italian coachbuilder and design company, is struggling with financial problems for quite some time now, after several years of financial losses. The final strike was a failed deal with Fiat, in April 2007 and at the end of last year Bertone applied for bankruptcy protection.
Now, several companies are interested in acquiring Bertone, among which are Mahindra & Mahindra, an Indian company which was also interested in Jaguar and Land Rover and rumors say that rival Italians from Giugiaro and Japanese-owned PCL Group are also interested in Bertone. And recently, the Chinese company FAW announced its interest in Bertone. FAW produces cars under joint ventures with the VW Group and Toyota, and under license for Daihatsu and Mazda, currently does not sell vehicles in western or central Europe, although it does do limited business in Russia.
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