VW plans to buy Ducati?!?
Could the beauty and finesse of Italian motorcycle design give way to German efficiency?
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Could the Italian finesse of Ducati be replaced by German efficiency?
That's the question performance motorcycle enthusiasts are asking themselves across Europe with a recent article in an Italian online magazine writing about a renewed interest in Ducati by German car manufacturer Volkswagen.
The last time Volkswagen executive Ferdinand Piech tried to take over Ducati was in 1985 when the Italian motorcycle manufacturer faced a financial crisis.
Although the Italian motorcycle manufacturer doesn't release official sales numbers, all indications have shown Ducati riding into the same economic storms as other major two-wheeled companies.
Data released by a motorcycle industry group show Ducati sales in Australia year to date down 13% over the same period last year.
In January, news reports circulated that the management and owners of Ducati took a 10% pay cut and gave up their future bonuses due to the economic crisis.
Ducati, which is owned by the Bonomi family in the city of Bologna, made the announcement earlier this year after industry figures showed a 38.8 percent drop in new motorcycle sales in Italy in January.
The rumors re-emerged when Piech, head of the supervisory board of Volkswagen spoke at a press conference in Frankfurt and confirmed plans for the expansion of the group, but refusing to name specific brands.
But its not shareholders or owner buy-outs that will help the German car manufacturer successfully buy Ducati. The biggest challenge would come from the Italian government letting such an iconic brand leave the country.
Volkswagen are in talks with Suzuki over a proposed merger have stated they wanted the company to be the number one manufacturer by 2018. Those world domination plans apparently include Ducati, however serious or possible the ambition may be.
Sounds like GM all over again. The way VW talks about wanting to be #1 all the time, makes them sound arrogant and too ambitious (buying this and that just to add more to their portfolio) IMO. It's tough being #1 as we've seen giants (GM) fall. Toyota is smart and not taking their current position for granted as GM did, but I fear that VW has the mindset that GM did.
But anyway regarding the article. I agree that the Italian government won't give up Ducati without a fight.
Sounds like GM all over again. The way VW talks about wanting to be #1 all the time, makes them sound arrogant and too ambitious (buying this and that just to add more to their portfolio) IMO. It's tough being #1 as we've seen giants (GM) fall. Toyota is smart and not taking their current position for granted as GM did, but I fear that VW has the mindset that GM did.
But anyway regarding the article. I agree that the Italian government won't give up Ducati without a fight.
What's next? Will VW try to buy Komatsu or Caterpillar, and get into the mining equipment business
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