Just In
- 24 min ago Tata Motors Teams Up with Hindustan Petroleum to Expand India's EV Charging Infrastructure
- 1 hr ago Explore Top Alternatives To KTM 125 Duke For Motorcycle Enthusiasts In India
- 14 hrs ago Xiaomi SU7 Electric Car Launched – May End Apple Inc.
- 15 hrs ago India's Leading Car Exports in February 2024: A Comprehensive Overview
Don't Miss!
- Movies Inspector Rishi Season 1 Full Series Leaked Online In HD For Free Download Hours After OTT Debut
- News Congress Chief Mallikarjun Kharge Launches Counter Attack On PM Modi With These Four Questions
- Finance RBI Declares Temporary Unavailability Of Exchange/Deposit Of Rs 2,000 Banknotes
- Lifestyle April Fool's Day 2024: Strange And Unusual Pranks That Were Pulled Off On 1st April
- Technology Elon Musk Announces Free Premium Features for Select X Users - Get All the Details Here
- Sports Sanju Samson's tactic leaves Ricky Ponting and Sourav Ganguly fuming during RR vs DC IPL 2024 Match 9
- Education RSMSSB Junior Instructor Recruitment 2024; Apply online for 2500 Posts, Check out for more details
- Travel Explore Tamil Nadu's Diverse Wedding Venues
Harley-Davidson Is In The Race To Buy Its Italian Rival
American firm Harley-Davidson is in the race to buy its Italian rival, Ducati.
American motorcycle manufacturer Harley-Davidson is in the race to buy its Italian rival, Ducati. The deal could be worth 1.67 billion dollars.
Milwaukee-based Harley-Davidson has hired Goldman Sachs to sort out the deal. As per source, the bids are expected to begin in July 2017. Volkswagen is working with investment firm Evercore on the sale of Ducati.
Volkswagen plans to fund the money for its new strategy following the diesel emission scandal. Apart from that private equity funds KKR, Bain Capital and Permira are all working on the deal to purchase the Italian firm.
Evercore has sent out the information packages to all potential buyers including Ducati’s previous owner Investindustrial. Indian two-wheeler maker Bajaj Auto is also looking to buy the Italian marquee.
Volkswagen expects to gain around 1.4 to 1.5 billion euros from the sale of Ducati. Several sources revealed that it might have to compromise on price as several bidders will be unable to pay that price.
Hero MotoCorp and TVS Motor Company were also interested in the deal but stepped out of it after seeing the price tag. BMW, Honda and Suzuki have also decided to stay away from bidding.
DriveSpark Thinks!
Harley-Davidson and Ducati are fierce rivals in the global market. It will be interesting to see what happens when both the firm come together. But several other companies are also in the race to buy Ducati.