UPDATE 1-Volkswagen buys control of car designer Italdesign

Newswire

* Founders retain remaining shares * Italdesign has sales of over 100 million euros a year * No financial details given TURIN, Italy, May 25 (Reuters) - German carmaker Volkswagen said it was buying a 90.1 percent stake in Italian auto designer Italdesign, without giving any detail on price. Volkswagen chief executive Martin Winterkorn said on Tuesday the purchase would be made through VW's Lamborghini sports car unit. The Giugiaro family will retain the remaining shares. Giorgetto ...

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