Italdesign Giugiaro is due to make an announcement “in the next few days” with widespread speculation it is to be the subject of a takeover by Volkswagen.
It is thought VW has had its eyes on the Turin-based company with a view to expanding its design expertise as it looks to drive sales of up to 10m vehicles per year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“We are going to say something in the next few days – we could say something tomorrow,” an Italdesign spokesman in Turin told just-auto.
“We have to do this thing together with Volkswagen.”
Volkswagen was not immediately available for comment – today (Monday 24 May, 2010) is a public holiday in Germany.
A well-seasoned vehicle developer
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
