As we said in this post, Volkswagen announced today the takeover of Italdesign Giugiaro S.p.A. (IDG), more exactly, the German manufacturer will take a 90.1 percent stake including the brand name rights and patents.
The stake will be acquired by Audi’s Italian subsidiary Lamborghini Holding S.p.A, while the remaining shares will remain in possession of the present owner family Giugiaro. For those who don’t know, Volkswagen had a successful cooperation with IDG for many decades and the partnership created important vehicles such as the first Volkswagen Passat, Scirocco or the Audi 80. Italdesign Giugiaro was founded in Turin by Giorgetto Giugiaro and Aldo Mantovani in 1968.
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