VW Group Has Bought Italdesign Giugiaro S.p.A

The Volkswagen Group in Europe has confirmed that they have officially acquired Italdesign Giugiaro S.p.A., and they now hold a 90.1 percent stake in the design and engineering firm. The German automaker purchased Italdesign with the help of Audi and Lamborghini. The remainder of the share will stay in the hands of Giugairo, the family owner.

“Italdesign has now become a permanent member of the Volkswagen Group. Given the full order books and numerous interesting projects, the perspectives are better than ever,” said Martin Winterkorn, VW’s
chief executive.

VW has said that Gerhard Willner and Salvatore Cieri will push the design firm forward.

“In view of our ongoing model initiative and the associated development and design assignments, we will be expanding Italdesign’s highly-motivated and productive team,” Winterkorn added.

Italdesign is responsible for many of the Fiat Group vehicles, as well as a few Alfa Romeo models.