Volkswagen close to buying Italdesign Giugiaro –

Volkswagen, even though it said it will refrain from buying off any other car companies after striking its partnership with Suzuki, is close to engulf another entity, Italdesign Giugiaro.

For those not in the know, the Italian group is one of the biggest privately-owned design and engineering companies in the world. Since it was founded by Giorgetto Giugiaro in 1968, the company was responsible for a huge amount of popular models, including the recent Alfa Romeo 159 or the Brera, as well as first generation Scirocco or Golf models for Volkswagen.

Besides its design component, Italdesign Giugiaro also does engineering work for large carmakers. Most of its work is a trade secret, but the last acknowledge piece of engineering was on the second generation Mini models for BMW.

No official word has been revealed, but voices say a formal announcement will be made next week. The fate of the company isn’t set in stone, as it will be either absorbed into the VW group or will continue to do freelance work for other carmakers, while being controlled by the German company.

Source: Automotive News

Post tags: Tags: design, giugiaro, italdesign giugiaro, italy, Volkswagen