VW Group May Sell Ducati As It Continues To Streamline
30 April, 2017, 02:00 | Author: Elaine Woods
The Volkswagen Group, which owns marques including Ducati, Audi, Bugatti, Lamborghini, Porsche and Bentley, is reportedly cutting back spending across the entirety of its business.
The article states that, before interest, taxes and depreciation, Ducati's annual earnings of around 100 million Euros could lead to an overall evaluation as high as 1.5 billion Euros.
VW referred to Audi for comment.
Reuters speculates that Ducati could be valued at up to €1.5 billion and could be sold parties including India's Hero corporation, Polaris, or a consortium of buyers.
While Wolfsburg-based VW has started reaching out to potential buyers to sound out their interest, no decision has been taken on whether the firm will be divested, they added.
Bulls beat top-seeded Celtics to take 2-0 series lead
Isaiah Thomas and Boston Celtics are ready to face the Chicago Bulls and looking for the Postseason tie at present. All of those numbers were above his season averages, which meant he escalated his game due to the circumstances.
VW's luxury auto vertical - Audi had acquired Ducati in 2012 for around 860 million Euros.
Having already withdrawn Volkswagen from the World Rally Championship and Audi from the World Endurance Championship and Le Mans, Ducati now appears to be in the VW Group's firing line. Big brands like Honda, Kawasaki or Harley Davidson are interested in this deal or not is not clear at the moment.
Private equity firms could also raise their hand for the brand, whose motorcycles have won the Superbike racing competition 17 times, the sources said.
Selling Ducati, which VW acquired in 2012, would mark a departure from the German manufacturer's empire-building under former CEO Martin Winterkorn and former Chairman Ferdinand Piech. In 2016, Ducati posted sales of 593 million Euros in 2016 (over Rs 4,000 crore), selling over 55,000 motorcycles worldwide. However, by March this year chief executive Matthias Mueller said there was still nothing to announce.
He was pictured kite-surfing in February with Richard Branson off the Virgin tycoon's private Caribbean island. Mr Obama additionally took in a Broadway play in New York City before eating with U2's Bono.
It's been officially confirmed that Goldblum will make an appearance in Jurassic World 2, reprising his role as Dr. Jurassic World made $1.67bn (£1.3bn) at the box office, making it one of the highest earning films in history.
Earlier, on 31st March 2017, a deadliest explosion outside an Imam Bargah killed at least 24 and injured over 80. In January, a bomb planted in a busy vegetable market killed 21 Shias in the same town.
Paxton hurled seven shutout innings, allowing just four hits and one walk while striking out nine in his third win of the season. Dellin Betances worked a ideal eighth and Aroldis Chapman got the final three outs for his fifth save despite giving up a run.
But with the 100-day milestone looming, the White House is pushing them to help President Trump tick off a major campaign promise. Trump said during his campaign that Mexico would pay for the structure, estimated to cost perhaps tens of billions of dollars.
Media reported, citing Iranian police, that the border guards had been killed by long-range weapons fired from Pakistani soil. The Army of Justice, which has previously attacked Iranian security forces, has claimed responsibility for the violence.
Today, it has fewer than 12,000, and every year, a few hundred disappear as farmers leave the business and sell their quota. Daniel Smith, a state agriculture administrator, said 44 of those farms still haven't found alternatives.
George led the Pacers to two Eastern Conference finals appearances besides making three All-NBA and All-Defensive Teams. Could this be the year that LeBron finally doesn't make the Finals? Point guard Jeff Teague is a pending free agent.
Finally, New Capital Management LP bought a new position in Chevron during the fourth quarter valued at about $171,000. Heritage Way Advisors LLC acquired a new stake in shares of Chevron during the fourth quarter worth about $2,165,000.
Perdue, 70, is a businessman, veterinarian, and former Georgia state senator who served as governor of Georgia from 2003-2011. Debbie Stabenow, the ranking Democrat on the Senate Committee on Agriculture, said in a statement Monday.
Lea Michele Reveals Which Glee Performance She Hated
Glee had its share of stellar performances during its six-season run, like "Make You Feel My Love" and "Don't Rain On My Parade". These are moments and glimpses into my life. "I want to be able to enjoy myself".
Ellen Degeneres's Coming Out Story
It was everything that you just fear in life, like nobody loving you. "Nobody really understood how dark it got for me". And the scripts were written on red paper so you couldn't see the black ink. "It was like we were spies or something".
Stanford women seeded first in NCAA golf regional
The overall NCAA regional pool is 72 teams, with each of the four areas being given 18 teams to compete. Peronnin will return to the Scarlet Course of the Ohio State University Golf Club to compete May 8-10.
Watt's The Verdict On Steelers' First-Round NFL Draft Pick?
The 2014 ACC player of the year, Conner worked out with his Pitt teammates even as he underwent 12 chemotherapy treatments. Ramczyk's Saints will play at Lambeau Field in Week 7. "I looked at him and said, 'Coach, this kid is a first-round pick".
Wednesday's Jays-Cardinals game postponed
Chris Coghlan said he never once considered that what he was doing was unsafe , which one could argue makes him an irrational man. Way to go, Coghlan; you are a masterful athlete, and I hope your next flip includes fireworks and a soundtrack.
No Kingdom Hearts 3, Final Fantasy VII Remake This Year
The developer also strongly implied that a showcase at an industry event was the most that either game would receive in 2017. And with what Nomura said earlier, fans will still have some glimpse of the game they have been waiting for this year.
Google is asking for your help to spot fake news
Now, quality raters can use more detailed tags meant to target pages that intentionally produce misleading information. Finally, Google is adding more information on the technology behind its Search features on its website .