Cars
Volkswagen Group Buys 90.1% of Italdesign Giugiaro
Ending days of rumors, the Volkswagen Group announced Tuesday it was buying a 90.1 per cent stake in Italian design firm and Italdesign Giugiaro S.p.A. as part of its global expansion plan, without, however, giving out any information on the financial aspects of the deal.
The German automaker said that the shares are being acquired by AUDI's Italian subsidiary Lamborghini Holding S.p.A., while the Giuigiaro family will keep a 9.9 per cent stake in the Italian company that generates sales of over €100 million (US$122 million) and has a workforce of some 800 employees.
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Giorgetto Giugiaro Quits His Company, Audi Buys Remaining Stake
One of the most famous designers in the automotive industry, Giorgetto Giugiaro sold his remaining stake of the Italdesign Giugiaro SpA to Audi and resigned from the company’s board. Read more »...
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With A Little Help From Vw, Italdesign Giugiaro Looks Into The Future With The Brivido Concept [updated]
It's been close to two years since the Volkswagen Group took a 90.1 per cent stake in Italdesign Giugiaro and exactly one year after the Italian company celebrated the marriage with the VW-branded Tex Coupe and Go! MPV concepts at the 2011 Geneva...
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Italdesign Giugiaro Video Teases New Prototype For The Geneva Motor Show
Italdesign-Giugiaro will join several other Italian design houses at the Geneva Motor Show including Bertone and Pininfarina with its own special concept model. The famed Italian company, which last year ended up in the loving (?) arms of the almighty...
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Fiat Completes Purchase Of Chrysler From U.s. And Canadian Governments, Us Taxpayers Lose $1.3 Billion
The Fiat Group today purchased the remaining Chrysler LLC shares held by the U.S. and Canadian governments. The Italian company acquired a 1.5% fully diluted stake in Chrysler Group LLC from Canada for US$125 million, and a 6% stake from the United States...
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Volkswagen Group To Buy Italdesign Giugiaro?
Volkswagen's master plan is all about numbers. Being the biggest, baddest automaker out there. That's why it isn't any surprise to hear that Volkswagen might be bringing Italdesign Giugiaro under its wing (nothing is official yet). An acquisition...
Cars