Styling icon Giorgetto Giugiaro quits, sells remaining stake to Audi

Article by Christian A., on July 7, 2015

Italdesign Giugiaro SpA is now fully owned by Volkswagen Group's Audi after car designer Giorgetto Giugiaro has sold off his remaining 9.9% stake. It was five years ago that Giugiaro sold 90.1% of the stake for the styling and engineering company he built to Audi. The 76-year-old Giugiaro and his 50-year-old son Fabrizio only just recently sold the stake that was left to Audi on June 28.

In an e-mailed statement, Giugiaro and his son signified their resignation from the board. Giugiaro, who is famous for his work on the original Volkswagen Golf and first Fiat Panda, also gave up his role as honorary chairman. In the statement from Italdesign Giugiaro, Giorgetto Giugiaro is said to be leaving in order to allot more time for his “personal interests.”

It also stated that the company is now on a “growth path” and that the change will not affect its development. By the end of the year, the company is set to have taken on 250 more employees since the takeover in 2010. Giorgetto Giugiaro, who was inducted to the European Automotive Hall of Fame in Geneva in 2001, started his career in the auto industry at Fiat at only 17 years old.

He opened his own company in 1968 but before that, he was associated with coachbuilders Bertone and Ghia. Italdesign Giugiaro stood out from his rivals because he offered services like design, engineering, prototyping and testing services. However, the customer undertook the manufacturing.

He was a professional designer for almost 60 years and during this period, he designed around a hundred production cars, which include the first-generations of the Golf, Panda, Fiat Punto and Audi 80. He is also credited for the aesthetics of seminal sport cars, which include the Alfa Romeo Alfetta GT and Brera, Lotus Esprit, De Tomaso Mangusta, Maserati Ghibli and Bora.

If you liked the article, share on:

Comments

Recommended

A few months ago, Mercedes-Benz promised that they will be treating everyone to a “big surprise” during the Monterey Car Week. And true enough, many of us were stunned as...
by - August 19, 2017
McLaren has already shown some interest in electrifying their models. And initially, we thought that they will just use hybrid systems to use across their current lineup. Nevertheless, we have...
by - August 19, 2017
Fifty years after its glorious victory at the 24 Hours of Le Mans, Ford launches the 2018 Ford GT ’67 Heritage Edition at the 2017 Monterey Car Week. The red...
by - August 18, 2017
Hyundai has recently unveiled an unnamed pre-production model of its new fuel cell SUV. We don’t know what to call this model just yet, but sources say that this model...
by - August 18, 2017
This weekend at the 2017 Pebble Beach Concours d’Elegance, the BMW Z4 Concept will make its first public appearance. The good news is that we will finally have a real...
by - August 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries