US tech firm UST partners with Volkswagen's Audi, takes majority stake in Italdesign
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UST partners with Audi, acquiring a majority stake in Italdesign. The deal, pending regulatory approval, keeps Audi as a strategic partner. UST aims to expand Italdesign globally through its network. Italdesign CEO sees growth in international markets and services. Founded by Giorgetto Giugiaro, Italdesign was fully acquired by Volkswagen in 2015, employs over 1,300 people, and had a turnover of 332 million euros last year.
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