COMPLETES ITALDESIGN TAKEOVER AND APPOINTS BOARD MEMBERS
enjoyed successful cooperation with
Italdesign Giugiaro for many decades.
Giugiaro made a name for himself not only
with the Golf I (top), but also with
concepts for important models such as the
first Volkswagen Passat, Scirocco (bottom)
or the Audi 80.
The Volkswagen Group has
completed the acquisition of the majority shareholding
in Italdesign Giugiaro. Volkswagen therefore now holds a
90.1 percent stake in the Turin-based design and
engineering company, including the brand name rights and
patents. Ralf-Gerhard Willner (49) and Salvatore Cieri
(53) have been appointed to the Executive Committee of
the Board of Directors of Italdesign 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,” Prof. Dr. Martin Winterkorn, Chairman
of the Board of Management of Volkswagen
Aktiengesellschaft, stated. “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.
Giorgetto Giugiaro is Chairman of the Executive
Committee, Fabrizio Giugiaro is Vice President, Enzo
Pacella is Managing Director. Ralf-Gerhard Willner has
now also been appointed to the body. He currently heads
concept development at the Volkswagen Passenger Cars
brand in Wolfsburg, having previously held the same
function at Audi in Ingolstadt. Salvatore Cieri will
also be joining the Executive Committee as Managing
Director at Italdesign Giugiaro. He is currently the member of the Board
of Directors responsible for Administration, Finance and
Controlling at Automobili Lamborghini.
Italdesign Giugiaro was founded in Turin by Giorgetto Giugiaro and Aldo
Mantovani in 1968. Volkswagen has enjoyed successful
cooperation with Italdesign Giugiaro for many decades.
Giugiaro made a name for himself not only with the Golf
I, but also with concepts for important models such as
the first Volkswagen Passat, Scirocco or the Audi 80.
Italdesign has also acquired a reputation worldwide as a
highly-competent development center. The shareholding
has been acquired by Audi’s Italian subsidiary
Automobili Lamborghini Holding S.p.A. The remaining
shares will stay in the possession of the present owner
© 2010 Interfuture Media/Italiaspeed