VW's Audi eyes motorbike racing legend Ducati

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VW’s Audi eyes motorbike racing legend Ducati

Sunday 18 March 2012 | Reuters – By Jan Schwartz and Jennifer Clark

  • Audi conducting due diligence on Ducati – sources
  • Deal could come as soon as mid-April – sources
  • VW, Ducati, Audi decline to comment (Adds reference to sovereign wealth funds, sources)

Frankfurt/Milan – German car maker Audi is in talks to buy Ducati for its lightweight engine know-how, its racetrack pedigree and the distinctive sound and styling of its motorcycles.

Two sources familiar with the matter said Audi, the premium cars arm of Europe’s top car maker Volkswagen , was in discussions with the private equity group that controls the Italian firm about a purchase.

A successful deal would extend Audi’s long-standing rivalry with BMW to superbikes, and add expertise about high-revving light engines to VW’s engineering portfolio, which ranges from cars through heavy trucks to ship engines.

Read more @ www.guardian.co.uk

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