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Volkswagen Group Completes Buy Of Italdesign

Capacity to be expanded; Cieri and Willner new Executive Committee members. Giugiaro is Chairman.

by on Aug.10, 2010

"Italdesign has now become a permanent member of the Volkswagen Group."

The Volkswagen Group has completed the acquisition of Italdesign Giugiaro S.p.A. (IDG), Turin. Volkswagen now holds a 90% in IDG, including the brand name rights and patents. The remaining shares will stay in the possession of the present owner family Giugiaro.

Ralf-Gerhard Willner (49) and Salvatore Cieri (53) have been appointed to the Executive Committee of the Board of Directors of IDG.

“Italdesign has now become a permanent member of the Volkswagen Group. Given the full order books and numerous interesting projects, the perspectives are better than ever,” said Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft.

“In view of our ongoing model initiative and the associated development and design assignments, we will be expanding Italdesign’s highly-motivated and productive team,” Winterkorn added.

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Milestones: 100,000 Gen 3 VW Scirocco Coupes

Thirty six years ago a lovely Giugiaro-sculpted coupe appeared.

by on Aug.06, 2010

A notable Giugiaro design started the sales run.

At the VW Automóveis Ltda. plant in Portugal today the hundred-thousandth third-generation Scirocco rolled off the production line.

Since its launch in 1974, this compact sports coupe has been the most successful Volkswagen two-door, with more than 800,000 sold to date.

Another notable Giugiaro coupe is the breathtaking beautiful Alfa Romeo Giulia Sprint, of course, but it is the exact opposite of the original angular Scirocco.

The 100K model is a Scirocco R 2.0 TSI, in “Rising Blue Metallic,” with a black interior, radio navigation system, and a tilting sunroof.

Volkswagen also produces the Volkswagen Eos, the new Sharan and, since 2008, the third generation of a reborn Scirocco at the plant.

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Volkswagen Takes Over Italdesign Giugiaro

Renowned design company is now German controlled.

by on May.25, 2010

Volkswagen has cooperated with IDG and Giugiaro for decades.

The Volkswagen Group will take a 90.1% stake in Italdesign Giugiaro S.p.A. (IDG), Turin, including the brand name rights and patents.

The agreement was announced today at a joint press conference in Turin. Regulatory approvals are pending.

The shares are being acquired by Audi’s Italian subsidiary Lamborghini Holding S.p.A. The remaining shares will stay in the possession of the Giugiaro family.

Volkswagen has cooperated with IDG for decades. Giugiaro, arguably, became famous with his Golf I design. He then went on with concepts for high volume models such as the first Volkswagen Passat, Scirocco and the Audi 80, to name just a few. Volkswagen and IDG are now working on the planned Volkswagen Up! model family vehicle, among others.

“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,” said Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft.

“Italdesign is the flagship for creative Italian automobile design and has been instrumental in shaping the face of the automobile industry worldwide,” said Winterkorn.

"Entering Volkswagen means to open up a promising perspective for the company."

Giorgetto Giugiaro and Aldo Mantovani founded IDG in Turin in 1968. Both founders are among the leaders of Italian automobile design. Italdesign is also known for its development center. Today, the company generates sales of more than €100 million and has a workforce of 800 employees.

“Every drop becomes the sea when it flows oceanward. In the last few days, I ran into this sentence while I was reading Sophie’s World by the Norwegian novelist Jostein Gaardner. We are the drop. Becoming part of the Volkswagen Group means reevaluating ourselves and our strength. Entering Volkswagen means to open up a promising perspective for the company,” Giorgetto Giugiaro said.