Audi Places Italdesign up for Sale Say Italian Unions

I’m following a developing story, but word out of Italy is that Audi is moving to offload the long and storied design firm Italdesign, a subsidiary of the Ingolstadt-based company. According to Automotive News, the move is part of an effort by Volkswagen Group to cut operating costs given tumultuous business conditions. According to reports, the move was announced internally on May 5 during a meeting at Italdesign’s Turin headquarters attended by over 1,000 employees report Italian newspaper Coriere della … Continue reading Audi Places Italdesign up for Sale Say Italian Unions