Motor vehicle design company IiStDesign Can be sold by the owner Audi While the Volkswagen Group tries to tighten your financial belt.
Union sources in Italy told Corriere della sera Audi took the first steps to unload the famous Automobil design company, with Italy designing a due diligence and evaluation.
Although no potential buyers were named, Iste design employees for May 12th in the headquarters of the company in Moncalieri, a suburb on the southern edge of Turin, a meeting was planned. The company currently employs around 1,000 people in studios around the world, including Italy, Spain, Germany, China and the USA.
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DMC Delorean
The change from Audi to charge Italy is part of a wider advance within the Volkswagen group to reduce the costs and release cash, since sales throughout Europe is soft sales and the competition is increased by Chinese car manufacturers.
As part of his cost reduction efforts, Audi closed his factory in Brussels in February, where it had done the Q8 e-tron and the Q8 e-tron Sportback. It will also reduce its workforce in Germany by 7,500 people by the end of 2029.
Once one of the most profitable parts of the Volkswagen Group, Audi fell to only 1.5 percent in the first quarter of this year. Car manufacturers usually see 6 to 8 percent as a good number.
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Daewoo Matiz
ITEDDEIGHT was founded in 1968 by designer Giorgeetto Giugiaro and engineer Aldo Mantovani. The company’s extensive creditworthiness includes a clutch of legendary super sports cars, including DMC Deloren, Lotus Esprit and the BMW M1 Supercar.
One could argue that Italy design was even more influential at the end of the spectrum, and the original Volkswagen Golf, and Fiat Panda, Punto and UN are written by the company.
Other credits are the first generation Daewoo Matiz, Hyundai Excel, Lancia Delta, Audi 80 and Lexus GS.
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Lotus spirit
Volkswagen bought 90 percent from Italy in 2010, with the remaining 10 percent being held by Giorschetto Giugiaro and his family. In order to hold its Italian stocks together, Italy design was placed with Lamborghini under Audi’s possession.
The Giugiaaro and his son sold their remaining part of Volkswagen in 2015 and left the company to set up their own design advice.
Among Volkswagen, Italdesign ItaltDesign continued to work with other car manufacturers, although the volume of the products commissioned has slowed down considerably. The cars developed since 2010 include the Audi Q2, the Limited Edition Nissan GT-R50 and the Voyah Free for the Chinese car manufacturer Dongfeng.
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