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Giorgetto Giugiaro sells what's left of Italdesign and leaves the company

Giugiaro, a long-time friend of Ferdinand Piech, seemed to have every intention of extending his stay at ID for many more years, collaborating with VAG in whatever they asked of him, such as the creation of concept cars, the development of surfaces, or consultancy and advice. There was no shortage of work at ID.

In addition, over the past few months work has been done on a documentary series about ID's historical journey over the years. Certainly, in it we saw a Giorgietto already in his old age, but we did not expect to find the news that last Sunday the purchase of the remaining 9.9% of the shares of the firm by Audi was made official, at the same time as the resignation of Giugiaro, who says that he and his son "will pursue new personal goals".


In the same statement, Audi explains that it will expand the ID workforce by 250 people between now and the end of the year, but personally I find it strange that just now that Piech has left VAG's supervisory board, Giugiaro decides to step aside. Coincidence or coincidence?




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