Pininfarina has announced 
						that the "Bluecar" electric urban car project is to 
						finally get the green light with the confirmation of 
						production of 4,000 units destined for a Paris car 
						sharing scheme in a deal that will see Cecomp leasing 
						the factory infrastructure.
						A statement issued by 
						Pininfarina yesterday said that the Turinese design and 
						engineering firm had: "executed a preliminary binding 
						contract with Cecomp and the Bolloré Group  pursuant to 
						which Pininfarina will lease to Cecomp the business 
						operations for production of 4,000 electric cars 
						destined to Autolib, a car sharing service that will be 
						operational in October 2011 in Paris and in 40 other 
						municipalities in the Île-de-France district."
						The contract is 
						however subject to union agreement and will run until 
						December 31, 2013, with cash-strapped Pininfarina 
						receiving 14 million euros for the lease which will 
						consist of the Bairo Canavese plant and all its 
						machinery, equipment and accessories,
						some contracts for the supply of utilities as 
						well as the 57 Pininfarina staff at the plant.
						The electric cars that 
						Cecomp will produce the Bairo Canavese plant - derived 
						from the Pininfarina Bluecar, a project unveiled at the 
						2008 Paris Motor Show - will be used for a public 
						electric car rental service developed by the city of 
						Paris. The call for tenders to supply 4,000 cars was won 
						by the Bolloré Group, with which Pininfarina established 
						the Véhicules Électriques Pininfarina-Bolloré joint 
						venture for the production of electric cars in 2008.
						
						The Bolloré Group and 
						Véhicules Electriques Pininfarina-Bolloré undersigned 
						the contract as guarantors of Cecomp’s obligations not 
						covered by bank guarantees. The signing of this 
						agreement represents a key step forward in the 
						implementation of future programs for the production of 
						electric cars on a larger scale, which are the basis for 
						the agreements between Pininfarina and Bolloré.