Overview
- UST has signed an agreement to purchase control of Italdesign and will take operational responsibility once the deal closes.
- Automobili Lamborghini will retain a significant shareholding, and Audi will continue as a strategic partner and major client.
- The companies say the partnership will offer end-to-end services spanning concept design, hardware and software engineering, and production systems.
- The transaction requires regulatory approvals, and neither party disclosed the purchase price or other terms.
- Volkswagen’s consideration of a sale earlier this year as part of broader restructuring preceded this ownership shift.