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Old 26th May 2010, 10:56   #1
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Default Volkswagen to acquire 90.1% of Italdesign Giugiaro

Porsches to get even more beautiful

Volkswagen to acquire 90.1% of Italdesign Giugiaro - MarketWatch

Makes for an interesting read.

Cheers,
ac
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Old 26th May 2010, 11:11   #2
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That is certainly a good news . Hopefully they make Panamera 'more' beautiful very soon .
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Old 26th May 2010, 12:23   #3
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Default VW Group Buys Stake In Giugiaro

Posted on ACI Website.

VW group buys stake in Giugiaro | Autocar India

Volkswagen Group has formally announced it has taken a 90.1 per cent in Italy's largest design and engineering firm, Italdesign Giugiaro.
Audi subsidiary Lamborghini Holding SpA has acquired the majority shares and the other 9.9 per cent stake will remain in the Giugiaro family. VW also gets the brand name rights and patents of the internationally renowned design firm.
VW chairman, Martin Winterkorn, said he was pleased to acquire such an influential design studio, whose work includes the design of the iconic VW Golf MkI.
“With this shareholding in Italdesign, we are participating in one of the most renowned design and development companies with one of the richest traditions in the automobile industry,” he said.
“Italdesign is the flagship for creative Italian automobile design and has been instrumental in shaping the face of the automobile industry worldwide."
Giorgetto Giugiaro, co-founder of the IDG said, “Becoming part of the Volkswagen Group means revaluating ourselves and our strength. Entering Volkswagen means to open up a promising perspective for the company.”
Other Italdesign work for the VW Group has included the original Passat and Scirocco concepts, as well as the Audi 80. The deal between the two firms will mainly centre on the design and development of the VW Up! family of cars.
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Old 26th May 2010, 12:43   #4
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Exclamation Will they or will they not?

This is a very intriguing development.

Giugiaro has made some of the most beautiful and gorgeous designs in the past from Alfas to Toyotas.

The question to be answered is whether VW will allow Italdesign to reign free and associate with other brands as well like in the past?

Now, who will design those luscious hatchbacks for Fiat!
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Old 26th May 2010, 12:52   #5
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Can anyone help me with the pronounciation of Giugiaro?
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Old 26th May 2010, 15:14   #6
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'Joojaro'/'Joojiaro' is how you pronounce it I guess. It is a big loss for many manufacturers but Italdesign say they will still do customer styling projects. Wonder what they meant
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Old 26th May 2010, 15:18   #7
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Quote:
Originally Posted by deetjohn View Post
This is a very intriguing development.

Giugiaro has made some of the most beautiful and gorgeous designs in the past from Alfas to Toyotas.

The question to be answered is whether VW will allow Italdesign to reign free and associate with other brands as well like in the past?

Now, who will design those luscious hatchbacks for Fiat!
I too share the same fear. It will be a very unfortunate if Italdesign limits their expertise to VW. World will really miss the legendary Giugiaro designs in that case. Hope that will not happen.
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