VW could sell Ducati to offset cash shortage

  • Published On: 28 April 2017
  • 1199 Views

Hero MotoCorp has supposedly shown interest in purchasing Ducati.

The scandal titled ‘Dieselgate’, along with a move to focus on electric vehicles and other mobility solutions, have put the VW Group in a bit of a cash crunch. The company plans to deal with it by offloading a few of its less important functionaries. The first of these, it seems, is Italian bike-maker Ducati.

The superbike maker was acquired by Audi in April 2012, a move regarded as poor strategy by analysts, but then VW chairman Ferdinand Piech loved the Italian company for its engineering and design capabilities. According to Reuters, the Italian superbike maker’s gross annual earning is roughly 100 million Euros, leading to a valuation of as much as 1.5 billion Euros.

The rumour mill says that a few Chinese two-wheeler makers and the Indian two-wheeler giant, Hero MotoCorp, could be interested in purchasing Ducati. The VW Group, however, has not confirmed its decision to sell Ducati; it has simply floated the idea into the market to gauge reactions and elicit interest and bids. The company might unload other brands such as truck-makers Scania and MAN and could include even its non-automotive diesel engine business.

News You May Like

BMW X1 20i Tech Edition Launched at Rs 43 Lakhs

It will be available in limited numbers with booking now open online at the brand's official website

Read More
Mercedes AMG E53, E63 Launch Price Starts From Rs 1.02 Crores

Mercedes Benz has launched the AMG E53 and AMG E63 S at Rs 1.02 crore and Rs 1.70 crore respectively in India

Read More