Volkswagen AG will acquire a 90 percent stake in Italdesign Giugiaro S.p.A., VW said Tuesday.
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Italdesign Giugiaro says there will be no redundancies among its 800-strong workforce following today's (25 May) news Volkswagen is to acquire 90% of the company.
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Volkswagen has acquired 90% of design and development services company Italdesign Giugiaro, subject to regulatory approval.
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Volkswagen will acquire a 90 percent stake in Italdesign Giugiaro., VW said today. The Giugiaro family will retain 10 percent of the automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf.
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Volkswagen will acquire a 90 percent stake in Italdesign Giugiaro, VW said today. The Giugiaro family will retain 10 percent of the automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf.
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The Volkswagen Group and Italdesign Giugiaro S.p.A. (IDG), Turin, are to intensify their successful cooperation, putting it on a new footing. This was announced by both companies at a joint press conference in Turin on Tuesday. The Volkswagen Group will take a 90.1 percent stake in IDG, including the brand name rights and patents.
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Volkswagen will announce Tuesday that it will take a 90 percent stake in Italdesign Giugiaro S.p.A, people familiar with the matter told Automotive News Europe.
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Volkswagen will announce Tuesday that it will take a 90 percent stake in Italdesign Giugiaro S.p.A, people familiar with the matter told Automotive News Europe.
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Italdesign Giugiaro is due to make an announcement "in the next few days" with widespread speculation it is to be the subject of a takeover by Volkswagen.
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After a series of high-profile marketer roles in the auto world at BMW and Volkswagen, Kerri Martin is taking on her first post on the agency side at BBDO West, where she will develop advertising in a very different category: wine.
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Volkswagen has released a sketch of the new sedan it will launch in India later this year.
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Volkswagen AG's luxury division, Audi AG, aims for earnings before interest and taxes to rise faster than revenue this year as the A8 sedan and the new A1 compact win more customers in its largest markets.
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Volkswagen Chairman Ferdinand Piech has a deep appreciation for Italian treasures. If things go according to plan, he will have another one soon: Italdesign Giugiaro.
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A formula one foray for Volkswagen would probably see the Audi or Porsche names above the garage doors.
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Designer Peter Schreyer has quite an impressive resume. Among others, he's the mastermind behind the Audi TT and Volkswagen New Beetle, two cars that literally brought their respective brands back to the forefront of the global design scene. When such an expert decides to lead a team of bright young stylists at a company like Kia, every product and idea is thoroughly revisited and improved.
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In News Brake: Volkswagen wants to buy Italdesign Giugiaro, a driver is injured in practice for the Indy 500, and Lexus is poised for a recall . . . But Wait, There's More!
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Volkswagen AG will buy a controlling stake in Italy's largest design and engineering firm, Italdesign Giugiaro S.p.A., two industry sources confirmed to Automotive News Europe.
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Volkswagen AG will buy a controlling stake in Italy's largest design and engineering firm, Italdesign Giugiaro S.p.A., two industry sources confirmed to Automotive News Europe.
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SENIOR WEB REPORTER GREG MIGLIORE: I felt very European in this German station wagon with a five-speed manual transmission. And I liked it. My coffee even seemed smoother. Really, the highlight for me is the agreeable gearbox.
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