Italdesign Sells 90 Percent Stake To Volkswagen Group

Italdesign Sells 90 Percent Stake To Volkswagen Group
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Legendary Italian design firm Italdesign Giugiaro will sell a 90 percent stake to the Volkswagen Group, as the German firm looks to consolidate even more power in the automotive world. “The Volkswagen Group will be continuing its model initiative over the coming years and will benefit from the capacity and competence of Italdesign,” said Volkswagen… Continue Reading...

Volkswagen to Buy Italdesign Giugiaro Design and Engineering Firm

Volkswagen to Buy Italdesign Giugiaro Design and Engineering Firm
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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… Continue Reading...