Pagani's Latest Move Is Great News For Future Hypercars - NewsBreak
By Tarikul in Business
Updated 3 years ago
The automotive business is not easy and extremely complex. It's also very expensive. Small privately-owned automakers sometimes face existential threats due to a lack of funds, no matter how amazing the product. Securing long-term financial stability is key and Pagani has done just that. Already highly successful, Pagani recently struck a deal with Saudi Arabia's Public Investment Fund (PIF) that sees the latter taking a minority stake in the company.