BREAKING NEWS

BREAKING NEWS

VW CEO says is open to alliance or merger of Ducati - Handelsblatt

Now Reading:

VW CEO says is open to alliance or merger of Ducati - Handelsblatt

VW CEO says is open to alliance or merger of Ducati - Handelsblatt
@ Copyright :
Arnd Wiegmann(Reuters)
Text size Aa Aa

FRANKFURT (Reuters) - Motorbike brand Ducati could be merged with a rival or enter an alliance given a lack of synergy potential with the passenger car businesses at VW, Volkswagen <VOWG_p.DE> Chief Executive Herbert Diess told German daily Handelsblatt.

Volkswagen has struggled to find a long-term solution for the motorbike brand amid internal power struggles, with a 1.5 billion euro ($1.8 billion) auction stalled last year amid resistance from German trade unions.

"I can imagine a combination or a partnership with other brands. Ducati as a motorbike icon business within the Volkswagen Group is not sufficient," Diess, who took the helm as Volkswagen chief executive in April, told the paper.

(Reporting by Edward Taylor; Editing by Christoph Steitz)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.