VW Is Selling One Of Its Italian Brands To Cut Costs

Italdesign, the design house responsible for some of the world’s most iconic cars and exquisite creations, ranging from the VW Golf Mk1 to the ultra-rare Nissan GT-R50, is reportedly up for sale. The renowned styling firm is said to be in active due diligence for a potential acquisition that will help its parent company, the Volkswagen Group, to save costs amid its current financial woes.