Since Volkwagen AG now has a 90% stake in Italdesign Giugiaro S.p.A., its customers might be worried that VW will be able to gain access to their confidential technology.
These customers, which include BMW AG, Proton and Hybrid Kinetic Motors Corp., may decide to go somewhere else but Chairman Giorgetto Giugiaro has given assurances of “100% secrecy.” Giugiaro said that in the future, Italdesign, Italy’s largest automotive design and engineering company, will work only for the VW Group but that it will complete all the ongoing projects for other carmakers.
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