
Audi retains 40% through Lamborghini; the headquarters remains in Moncalieri and no impacts on employment are expected.
AI-generated summary
Italdesign is a historic automotive design company founded by Giorgetto Giugiaro. Audi previously held control of the company.
The majority of Italdesign, the historic car company founded by Giorgetto Giugiaro, officially passes to the US company Ust, specialized in artificial intelligence, technology and digital engineering. Audi maintains a 40% stake through Automobile Lamborghini, and remains a partner on ongoing projects. The headquarters remains in Moncalieri, just outside Turin.
"The roots do not move. This is not a sale, but a long-term strategic alliance. No project will stop and there will be no effect on employment" explained Italdesign CEO Antonio Casu.
"Italdesign's management team will not change" assured Ust CEO Krishna Sudheendra.

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