Italdesign: Potential Sale by Volkswagen Group?

Once the global hotspot for automotive layout, Turin has actually taken some hits in recent years. Italidesign’s previous sale to VW Team kept the company rooted in Europe, at least.

The Germans are supposedly wanting to market Italidesign. Union representatives for Italidesign were told the company was already being assessed as part of due persistance to prepare for a sale, according to Automotive Information Europe. A meeting with company workers is obviously set up for May 12 at Italidesign’s headquarters in Italy.

VW Group’s Italdesign Acquisition

In 2010, Volkswagen Team acquired a 90.1 percent risk in Italian vehicle design firm Italidesign– the style firm responsible for some of the most famous Italian sports cars and trucks and supercars of all time. Union representatives for Italidesign were told the company was currently being assessed as component of due persistance in prep work for a sale, according to Automotive News Europe. A conference with business workers is obviously scheduled for May 12 at Italidesign’s headquarters in Italy.

In 2010, Volkswagen Team obtained a 90.1 percent stake in Italian car design firm Italidesign– the design company responsible for several of one of the most renowned Italian sports cars and supercars of perpetuity. The purchase was technically done through Lamborghini, additionally a VW Group firm, and is now under the purview of Audi. However that can quickly change.

Italidesign’s previous sale to VW Group maintained the firm rooted in Europe, at least.

Italdesign’s Iconic Designs

Lest you forget, Italdesign sculpted some truly magnificent lorries. The BMW M1 was just one of the firm’s most famous designs, while the Lamborghini Gallardo, Lotus Esprit, DeLorean DMC-12, Maserati MC12, therefore numerous others were produced by Italdesign.

The Italian news outlet Corriere della Sera initially broke the news. The record suggests that Audi isn’t simply taking activity for a potential sale, but currently has something cooking.

Financial Troubles at Volkswagen

The prospective sale is one more indication that points within the extended Volkswagen family aren’t perfect. Despite an increase in EV sales, the conglomerate is in a financial bind that almost brought about plant closures in Germany. As it stands, the company will decrease its workforce by over 35,000 individuals in the next five years. Unfortunately, it looks like Italidesign can be component of those cuts.