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Volkswagen closes purchase of 90.1% of Italdesign Giugiaro

by Sam Abuelsamid (RSS feed) on Aug 9th, 2010 at 2:32PM

The Volkswagen Group has completed its takeover of Italdesign Giugiaro (IDG) with the purchase of a 90.1 percent stake in the design studio. The shares in the company were purchased by Lamborghini – "owned" by VW Group member Audi – and the remaining 9.9 stake is still in the hands of the Giugiaro family. The buyout was originally reported back in May of this year and the studio/small volume manufacturer are now part of the ever-expanding auto conglomerate. The top management of the company, including founder/chairman Giorgetto Giugiaro and his son and vice-president... Read More

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