Volkswagen will purchase a controlling share in Italdesign Giugiaro – Italy’s largest design and engineering firm. The acquisition is seen as the latest step by Volkswagen as part of a larger plan to become the world’s largest automaker by 2018. With the recent acquisition of numerous brands, including, most recently, Porsche, VW is in need of designers to shape the company’s future products.
According to a report by Automotive New Europe, VW will introduce as many as 60 new models in just this year, meaning the in-house design teams are already taxed. Rather than contract out design work, VW obviously feels it makes more sense to bring an internationally recognized design house into its fold. Some of Italdesign Giugiaro’s best known designs are the original Lotus Esprit, the De Lorean, the Maserati Quattroporte, the original Lexus GS, the original VW Scirocco, the current range of MINI models and numerous well-known concepts.
Founded in 1968 and owned by Giorgetto Giugiaro, Italdesign currently employees 975 staff – most at its headquarters in Moncalieri, south of Turin. Both Giugiaro and his son Fabrizio, who acts as chairman, are expected to continue on with the company.
The official announcement of the acquisition is expected as early as next week.
[Source: Automotive News]
See a complete list of Italdesign Giugiaro’s works after the jump:
* Alfa Romeo 159 * Alfa Romeo Alfasud * Aztec—1988 Convertible * BMW Nazca C2 * BMW Nazca C2 Spider * Brilliance BS6 * Bugatti EB118 Concept * Bugatti EB218 Concept * Chevrolet Corvette—2003 Moray Concept * Daewoo Matiz * Daewoo Lacetti * Daewoo Lanos * Daewoo Kalos Dream Concept * Daewoo Kalos aka Chevrolet Aveo, Holden Barina, Pontiac Wave, Suzuki Swift+ * De Lorean DMC-12 * Ferrari GG50 * Fiat 850 Sport Coupe * Fiat Grande Punto * Fiat Panda 1980 * Fiat Punto 1993 * Fiat Sedici * Fiat Uno * Ford Mustang—1965 by Bertone, Giugiaro 2007 * FSO Polonez – in 1978 * Hyundai Pony * Hyundai Sonata * Isuzu Piazza * Lamborghini Cala * Lancia Delta * Lancia Megagamma * Lotus Esprit—1972 Concept * Maserati 3200 GT * Maserati Coupe * Maserati Quattroporte * Morris Ital * Proton Persona * Quaranta Concept * Scighera * Saab 9000 * SsangYong C200 Concept * SsangYong Rexton * Suzuki SX4 * Suzuki X-90 * Subaru SVX * SEAT Ibiza 1984 * SEAT Ibiza 1993 * SEAT Toledo 1991 * Toyota Alessandro Volta * Toyota Aristo / Lexus GS * Volkswagen Golf * Volkswagen Scirocco Mk 1 * Volkswagen Nardo Concept * Zastava Florida * Proton Hybrid Concept