TURIN - I.DE.A. Institute S.p.A., Italy's third-largest automotive design and engineering firm, is looking for new contracts with automakers that no longer do business with rival Italdesign Giugiaro S.p.A.
Since being taken over by Volkswagen AG in May, Italdesign primarily has been focusing on projects for VW's 10 brands. The change at Italy's largest styling house left open an estimated 70 million euros ($95 million) worth of annual contracts with other automakers. I.DE.A. hopes to pick up some of that business.
"Several global automakers that never considered us in recent years are now calling us," I.DE.A. Chairman Steffen Goerig said in a recent interview at the company's Turin headquarters.
Goerig said he has been approached by European and Chinese automakers that previously worked with Italdesign.
Goerig, 41, is a Stuttgart native who got a degree in mechanical engineering in his hometown before earning an MBA at New York University.