Volkswagen officially acquires 90% of Italdesign Giugiaro –

A short time ago, rumors were flying around concerning Volkswagen next major takeover, targeted at Italian design bureau Italdesign Giugiaro.

Now, the deal has officially gone through. Volkswagen now owns 90% of the Giugiaro design house while the remaining 10% is kept inside the Giugiaro family, currently represented by Giorgetto Giugiaro and his son, Fabrizio.

Italdesign, for those who don’t know, was one of the biggest privately-owned design and engineering houses in the world, with over 800 workers. That team will be solidified by other key members from Volkswagen’s own design department and future projects for the company include the Volkswagen Up! lineup.

Is this partnership for the best? Don’t be shy and make your voice heard in the comment section below.

Source: Volkswagen

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