Actualy Farbio was a bastardisation of Farboud to make it sound Italianesque IMHO, Matsui comes to mind

Farboud (after the original Iranian owner) was bad enough.
I believe he is still making a car under his name, hence the change to Farbio to separate the 'cheaper' car from the upmarket Farboud

Who was the marketing genius behind this decision?!?