ability. For example, GM's full-sized wind tunnel did not open until 1980. New infrastructure and expansion The 1980s started a period of expansion for Pininfarina. In 1982, the company opened "Pininfarina Studi e Ricerche" in Cambiano. It was separate from the factory and wind tunnel in Grugliasco to keep design and research activities independent from manufacturing. On 14 October 2002, Pininfarina inaugurated a new engineering center. The new facility, built at the Cambiano campus, gave greater visibility and independence to the engineering operations. In 1983, Pininfarina reached an agreement with General Motors to design and build the Cadillac Allanté. The Allanté project led to the building of the San Giorgio factory in 1985. In 1996, Mitsubishi entered into talks for Pininfarina to build their new compact SUV, the Pajero, in Italy. While Mitsubishi recognized Pininfarina's expertise in design and engineering, the reason for choosing them was that manufacturing costs were half of those in Germany. After entering into an agreement in 1996, Pininfarina purchased an industrial site at Bairo Canavese near Turin, Italy. in April 1997, Bairo Canavese was dedicated to the production of the new Mitsubishi Pajero Pinin. Pininfarina Sverige AB in Uddevalla, Sweden, was established in 2003 as a joint venture (JV) between Volvo Cars and Pininfarina to produce a new Volvo convertible that will be sold in Europe and the United States. The JV is owned 60% by Pininfarina and 40% by Volvo. The C70 model designed by Volvo's John Kinsey—was launched on 13 April 2006, sharing the Volvo P1 platform used in the S40. New economic realities In April 2008, after three years of serious losses totaling 115 million euros at the end of 2007, Pininfarina made the first of several moves to raise capital and restructure its enormous debt: 29 April 2008 Pininfarina announced Piero Ferrari, Alberto Bombassei (chairman of Brembo), and the Marsiaj family (founders of the Sabelt seatbelt company), will join with Vincent Bolloré, a French financier, and Ratan Tata, head of India's Tata Group conglomerate, who already announced their plans to invest. The five would together invest a million. Funding would come through the sale of stock to other investors. The Pininfarina family was willing to reduce its share from 55% to 30%, which would still be enough to secure a controlling interest. 31 December 2008 On 31 December 2008, Pininfarina announced a debt restructuring that would require the family to sell