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VW gobbles up Giugiaro

2010-05-25 14:40

The original Golf remains one of Giorgetto Giugiaro's most recognised designs.

Ending days of speculation, Volkswagen AG announced on Thursday that it has taken a majority shareholding in iconic coachbuilder Italdesign Giugiaro.

The 90.1% share will be acquired by Lamborghini, while the present owner, the Giugiaro family, will hold the remaining shares.

This is not the two companies first tie-up; Giugiaro was responsible for the design of the original Mark 1 Golf that only ended production in South Africa late last year.
Giugaro was also responsible for the first-generation Volkswagen Passat and Scirocco, as well as the Audi 80 designs. 

"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,” Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen AG said.

"The Volkswagen Group will be continuing its model initiative over the coming years and will benefit from the capacity and competence of Italdesign. The company will
therefore be making an important contribution to our 2018 global growth strategy," Winterkorn continued.

Italdesign Giugiaro was founded in Turin by Giorgetto Giugiaro and Aldo Mantovani in 1968.

Does VWAG's purchase mean the Group will start producing iconic designs again? Share your thoughts here

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