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

We’re willing to bet that the Bentley Bentayga is not the first thing that comes to mind for most people who are into off-roading and outdoor activities. It just doesn’t...
by - November 23, 2017
The other day, it was confirmed that Volvo will finally bring the XC40 to US soil, where it will first make an appearance at the 2017 Los Angeles Auto Show....
by - November 23, 2017
There is no question that the new BMW M5 (F90) high performance sports sedan is more powerful, faster and more enticing than the previous model. But for interested customers in...
by - November 23, 2017
Following the Tesla Roadster’s electrifying revelation on Thursday, Musk’s highly ambitious goals have skyrocketed when he tweeted about his future plans for the new sports car. Well, kind of. The...
by - November 23, 2017
Earlier in November at the 2017 SEMA Show in Vegas is when Hennessey unwrapped the Venom F5 to all of us. But it was actually first introduced as a concept...
by - November 22, 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