Volkswagen takes 90.1 percent stake in Italdesign Giugiaro

The Volkswagen Group will take a 90.1 percent stake in Italdesign Giugiaro S.p.A. (IDG), including the brand name rights and patents. The shares are being acquired by AUDI’s Italian subsidiary Lamborghini Holding S.p.A.

The remaining 9.9 percent of shares will stay in the possession of the present owner family Giugiaro.

The Volkswagen Group and Italdesign Giugiaro have worked together for decades. For example Giugiaro designed the Golf I, the first Passat, Scirocco, Audi 80 and many concepts.

Volkswagen and IDG are also working closely on ongoing projects such as the planned Volkswagen Up! model family.

IDG was founded in Turin by Giorgetto Giugiaro and Aldo Mantovani in 1968. Both founders are considered pioneers of modern Italian automobile design. Italdesign has also acquired a reputation worldwide as a highly-competent development center. Today, the company generates sales of over €100 million and has a workforce of some 800 employees.