VW Group Already Has Interested Buyers For Italdesign

VW Group Already Has Interested Buyers For Italdesign

The famed design house generated $374 million last year and is a profitable enterprise. Audi is said to have already received four or five expressions of interest in Italdesign. The design house has been under the sole ownership of Audi since 2015. The Volkswagen Group may sell Italdesign or look for a new partner, as it looks to overhaul its German operations. The carmaking conglomerate is looking for ways to shore up its finances as it faces i…

The German automobile Volkswagen is considering a plan to get rid of its design and engineering unit Italdesign, as part of the German automaker’s efforts to review its European operations, said trade union representatives. The group is evaluating a possible sale of Italdesign, based in Turin, but could also consider alternative options, including finding a partner for it, said representatives of the unions Fiom and FIM Cisl after a meeting with…