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VW Group Completes Purchase of Italdesign Giugiaro S.p.A


Europe's largest carmaker, the Volkswagen Group, completed the acquisition of Italdesign Giugiaro S.p.A. (IDG) on Monday and now holds a 90.1 percent stake in the Italian design and engineering firm as well as the company's brand name rights and patents. The German automaker said the shareholding has been purchased by Audi's Italian subsidiary Lamborghini with the remaining stake held by present owner family Giugiaro.

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