The finalizing of the deal means that the German company now holds a 90.1 percent stake in the Turin-based (Italy) IDG. VW announced that Ralf-Gerhard Willner (49) and Salvatore Cieri (53) have been appointed to the Executive Committee of IDG’s Board of Directors.
The shareholding has been acquired by Audi’s Italian subsidiary Automobili Lamborghini Holding, with the remaining shares being owned by the Giugiaro family.
"Italdesign has now become a permanent member of the Volkswagen Group. Given the full order books and numerous interesting projects, the perspectives are better than ever," said Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft.
"In view of our ongoing model initiative and the associated development and design assignments, we will be expanding Italdesign’s highly-motivated and productive team," Winterkorn added.
At the helm of IDG’s Executive Committee we find Giorgetto Giugiaro, with Fabrizio Giugiaro being the Vice President and Enzo Pacella the Managing Director. Ralf-Gerhard Willner has also been included in the body. He is currently at the helm of the Volkswagen’s Passenger Cars concept development department, with his office being located in Wolfsburg, Germany (VW’s headquarters). Previously, he held the same position for Audi.
The IDG’s Executive Committee will also include Salvatore Cieri as Managing Director. The executive currently serves as a member of the Board of Directors responsible for Administration, Finance and Controlling at Automobili Lamborghini.
IDG came to life in 1968 thanks to Giorgetto Giugiaro and Aldo Mantovani in Turin. Over the years, the company has had multiple collaborations with the VW Group, with the VW Golf MK1, the VW Scirocco MK1, the VW Passat MK1 and the Audi 80 being some of the visible results.
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