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Zagato and CPP formally announce joint venture

 Zagato and CPP formally announce joint venture
Aston Martin V12 Zagato racing prototype - 22.6.2011

Ensures Zagato's long-term survival

As previously reported, Zagato and CPP (Spyker's new owner) have formally announced they have started a new joint venture called CPP Milan.

Noting that "several specialist automotive design houses and coachbuilders have closed or been acquired by global high volume vehicle manufacturers," Zagato decided to team up with CPP in order to ensure "...their long-term independence and take advantage of the opportunities left by the exit of their competitors from the industry."

In a statement, Andrea Zagato said "It was quite clear for several years that our creations were complementary with CPP's manufacturing capabilities. We discussed the idea of a more advanced relationship in early 2010 and the increasingly challenging conditions facing the entire automotive industry prompted us to accelerate the process. Through / By establishing the CPP Milan joint venture, we have guaranteed the independent status of the Zagato brand ensuring the continuity of a tradition that began in 1919."

Source: Zagato

Andrea Zagato and Brendan O'Toole confirm joint venture

Milan, July 19th 2011.
Brendan O'Toole, founder and Managing Director of CPP, the specialist British coachbuilder, and Andrea Zagato confirm that the two businesses have been successfully operating a joint venture.  
 
The joint venture - registered in Italy as CPP Milan - was established in July 2010, combining the resources  of  the  British  coachbuilding  specialist  and the  Milan  Design  Centre  that  operates  under the  licence  of  the  brand  Zagato.  Zagato  has  been  a  CPP  customer  for  several  years, delivering production of designs such as the 2008 Bentley Continental GTZ.  
 
Over the last twenty years, the Milanese Design Centre, under the leadership of Andrea and Marella Zagato,  has  invested in  CAS-CAD  and  CAM  technology,  becoming  an  automotive  design  leader for the 21st century, and providing services to many of the world's most iconic automotive brands.  Having founded CPP in 1995, Brendan O'Toole has grown the British business into a world-class coach building specialist, working for car manufacturers in the production of low volume variants, and one-off show cars and prototypes.

In recent years, several specialist automotive design houses and coachbuilders have closed or been acquired by global high volume vehicle manufacturers. CPP and Zagato formed the CPP Milan joint venture to ensure that each could assure their long-term independence and  take advantage of the opportunities left by the exit of their competitors from the industry.  The joint venture has been an overwhelming success, jointly overseeing projects such as the critically acclaimed 2011 Aston Martin V12 Zagato, now confirmed for limited-run production.
 
Brendan  O'Toole  said: "In an industry where so many design houses and coachbuilders over-expanded and attempted high volume outsourced manufacture before failing, the independent Zagato brand and its designs retain a mythical, iconic, aspirational status. For that reason, the world's luxury car brands continue to want to work with Andrea and his team and I saw huge advantages for us in developing a closer relationship, leading to the formation of the CPP Milan joint venture, which has delivered to the various ambitious targets set for it."
 
Andrea  Zagato said: "It was quite clear for several years that our creations were complementary with CPP's manufacturing capabilities. We discussed the idea of a more advanced relationship in early 2010 and the increasingly challenging conditions facing the entire automotive industry prompted us to accelerate the process. Through / By establishing the CPP Milan joint venture, we have guaranteed the independent status of the Zagato brand ensuring the continuity of a tradition that began in 1919.
 
Cpp  Milan,  supported  by  the  Zagato  brand,  is  a major  part  of  CPP's  strategy  of  developing a  portfolio  of  companies  across  the  value  chain  for  niche  luxury  and  mainstream  automotive companies...

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