Initially the company was called Carrozzeria e Meccanica Padana, but from 1950 the name was changed to Officine Padane.
[citation needed] In the 1960s and 1970s, Padane also took on small batch production of passenger cars.
[2] Padane built most of the coupés of the first series (1971) using numerous Italian add-on parts (door handles from the Maserati Indy, taillights from the Fiat 850), before Carrozzeria Saturn in Cavallermaggiore took over series production of the Stutz.
Due to economic difficulties of the new parent company, Padane also suffered and had to close in 1992 after bankruptcy.
[citation needed] In 2015, the newly founded company Industria Italiana Autobus SpA (IIA) from Bologna bought the naming rights to Padane.