Does Volkswagen Have Plans To Sell Off Ducati From Its Portfolio

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Rumours have been doing the rounds that Volkswagen Group could be gearing up to sell Ducati Motor. Audi who had purchased the Italian superbike stalwart now confirms that its parent company has no intention to sell Ducati off in the near future.

Emission scandal has affected Volkswagen Group negatively. Sale of Ducati Motor was aimed to recover some of the money that is going to be lost in rectifying VW Group's mistakes. Over 16 billion Euros will be needed by Volkswagen to rectify their affected vehicles.

An official statement from Audi was released that Volkswagen Group will not be selling Ducati Motor. Rupert Stadler, Chairman of the Board of Management of Audi has also confirmed that the Italian superbike maker will not be sold anytime soon.

Ducati Motor was acquired by Audi back in 2012, to revive the two-wheeler brand. Currently, Ducati Motor is worth USD 1.5 billion, which was purchased by Audi for just USD 870 million in 2012. The World Ducati Week is coming soon and officials wanted to clear the air in advance.

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Story first published: Friday, June 17, 2016, 10:15 [IST]
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