Jeez, if I didn't know any better I would say that Volkswagen is hatching a plan to take over the entire automotive industry.
Not only has the brand swallowed up Lamborghini, Porsche, Bentley, now they've taken one of the most influential automotive firms, Giugiaro. Talk about building an empire. I feel like I am watching a ridiculous game of RISK where VW is just running a tyrannical dictatorship. I adore it.
Is this a good move for Volkswagen Auto Group?
After seeing many responses to the 2011 VW Jetta, it seems that they could use some flashier designs...
Europe's largest carmaker, the Volkswagen Group, completed the acquisition of Italdesign Giugiaro S.p.A. (IDG) on Monday and now holds a 90.1 percent stake in the Italian design and engineering firm as well as the company's brand name rights and patents. The German automaker said the shareholding has been purchased by Audi's Italian subsidiary Lamborghini with the remaining stake held by present owner family Giugiaro.
"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, VW's chief executive. "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...
[Source: Carscoop]
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