Volkswagen’s (VWAGY) Audi Group is entering into a strategic partnership with UST, a global transformation company specializing in AI-powered technology, design, and engineering. UST, headquartered in Aliso Viejo, California, has signed an agreement to acquire a majority stake in Italdesign. Italdesign’s current parent company Lamborghini is part of the Audi Group and will retain a significant stake. As a result, Audi will remain a strategic partner of Italdesign in the long term, as well as an important client of the company. In addition, UST and Italdesign intend to extend this integrated approach to a global scale. UST will enable Italdesign to expand their international presence across UST’s global footprint in over 30 countries. As the new majority owner, UST will assume operational responsibility while honoring and building on Italdesign’s Italian heritage, design culture, and the talent of its employees.
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