Audi and UST Forge Strategic Alliance with Italdesign Acquisition

Audi Group enters a strategic partnership with UST, acquiring a majority stake in Italdesign. This collaboration leverages UST's AI-tech expertise and Italdesign's design prowess to elevate automotive development. Audi retains a significant stake, ensuring continued collaboration while expanding Italdesign's global presence.

Audi Group has announced a new strategic partnership with UST, a global transformation company known for its AI-powered technology and design prowess. UST has signed an agreement to acquire a majority stake in Italdesign, a move poised to redefine the landscape of automotive development.

This acquisition blends UST's expertise in automotive engineering and digital ecosystems with Italdesign's long-standing tradition of innovation in vehicle and product design. The partnership aims to deliver a comprehensive range of services, spanning concept design to production systems, thus supporting the growth of modern, digitally-enabled vehicles.

Looking ahead, UST plans to leverage its global footprint to expand Italdesign's international presence, while ensuring the preservation of the brand's Italian heritage. Audi remains a vital partner, anticipating continued growth and innovation under this new ownership structure.

(With inputs from agencies.)