Zagato / MPC: a joint venture rather than acquisition

ZagatoRumors of a takeover of spoke Zagato by CPP. Finally, the house design and the Italian coachbuilder English said they had formed a joint venture for their future.

There was therefore not listen to rumors. Since early July, yet they were insistent. According to all media worldwide, Coventry Prototype Panels (CPP) had bought Zagato. Finally, it was a mistake. In part, in any case. Because the two companies are close lately.

This is not about redemption, but a partnership led. Brendan O’Toole, founder and CEO of CCP (now owned by Russian Vladimir Antonov), and Andrea Zagato, the eponymous owner of the house, in fact, come to confirm the creation of a joint venture whose statutes were registered as July 2010. Today, it is actually operational. His name? CPP Milano.

The English coachbuilder and design house Italian had worked together before, including the Bentley Continental GTZ in 2008. Given the current difficulties (or loss) of companies in automotive design, a reconciliation of the two was inevitable. Together they can hope to grasp all the opportunities left behind by competitors.

“We discussed the idea of a more advanced at the beginning of 2010,” said Andrea Zagato. “The conditions increasingly difficult facing the automotive industry has prompted us to accelerate the process. With this joint venture We have guaranteed the independence and future of the brand Zagato ” .

Milano CPP should quickly get to work. The new company will oversee the production because of the famous Aston Martin V12 Zagato. A new version of the Spyker C8 Aileron (Spyker also owned by Vladimir Antonov) would also be in the pipes. Stay tuned.

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