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Christopher Bruce2012-07-19 15:15:26

Audi to Finish Ducati Purchase Today

Audi now officially owns Ducati

AudiAudiAudiGermany, 1909 > present83 models
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plans to finish its €860 million purchase of Ducati today officially making the Italian sport bike builder a complete part of VolkswagenVolkswagenVolkswagenGermany, 1938 > present98 models
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Audi Group. 

"We expect the announcement this afternoon from our colleagues in Bologna," said an Audi spokesman. 

Audi began its take over of Ducati on April 18. When the entire purchase is finished, Audi managers will take over the board positions from Investindustrial who had owned Ducati previously. 

This is the second major purchase by VAG this year. It completed its take over of PorschePorschePorscheGermany, 1931 > present43 models
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earlier this month as well. VAG also owns automotive design firm ItaldesignItaldesignItaldesignItaly, 1968 > present25 models
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and heavy truck builders ScaniaScania-VabisScania-VabisSweden, 1907 > 19151 model
and MAN. 

Ducati sold 42,000 motorcycles last year, and it made €480 million in revenue in 2011. 

Source: Automotive News Europe

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