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Author Topic: Audi to sell Ducati for $1 Billion USD  (Read 444 times)

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Offline RickT

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Audi to sell Ducati for $1 Billion USD
« on: June 22, 2017, 01:08:09 PM »
Anyone got a few bucks to loan me?  :thumbsup:

https://hypebeast.com/2017/5/audi-sell-ducati-1-billion-usd

German automobile company Audi has confirmed they will be selling luxury motorcycle brand Ducati for a price of €900 million EUR. With no specific buyer lined up just yet, reports indicate that four potential suitors have stepped up and submitted bids for Ducati’s ownership. The business negotiations have been ongoing since the beginning of the year, but have been kept private for the most part. Reports also indicate that Volkswagen is still in the process of remodeling its business plan after the brand was forced to pay heavy penalties for rigging emission tests in 2015. VW was ultimately forced to pay $4.3 billion USD in penalties and buy back over 500,000 vehicles. The company has since rebounded and posted a profit, but has decided selling Ducati is the best move for the business.

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Lots of other news reports say the attempt to sell Ducati is incorrect but I think where there is smoke there is fire.
« Last Edit: June 22, 2017, 01:12:28 PM by RickT »
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Offline Zoloo

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Re: Audi to sell Ducati for $1 Billion USD
« Reply #1 on: June 23, 2017, 03:45:58 AM »
Ducarley? Harcati?


"Beware an old man in a profession where most die young" -SGM Plumley

Offline karl_1052

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Re: Audi to sell Ducati for $1 Billion USD
« Reply #2 on: June 23, 2017, 04:10:02 AM »
"If you can't annoy somebody with what you write, I think there's little point in writing." Kingsley Amis, British novelist, 1971

Offline Zoloo

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Re: Audi to sell Ducati for $1 Billion USD
« Reply #3 on: June 23, 2017, 04:14:58 AM »
I thought the already had


"Beware an old man in a profession where most die young" -SGM Plumley

Offline uberchuckie

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Re: Audi to sell Ducati for $1 Billion USD
« Reply #4 on: July 30, 2017, 03:34:02 AM »
Quote
BERLIN (Reuters) - Volkswagen's (VOWG_p.DE) planned sale of motorcycle brand Ducati and transmissions maker Renk has currently no majority backing on the carmaker's supervisory board, with opponents to asset sales feeling invigorated by the group's strong results.

https://www.reuters.com/article/us-volkswagen-ducati-idUSKBN1AE0S9


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