Ducati stays protected as part of the Volkswagen Group household. IG Metall, the labor union representing organized staff on the automotive large, sided with the motorbike model’s staff in Italy to guard VW Group from promoting two-wheeled model.
“IG Metall sustained and helped Ducati staff of their request to stay contained in the VW Group, which ought to preserve investing in our firm,” Bruno Papignani, regional head of Italy’s FIOM CIGL union, informed Bloomberg as cited by Automotive News Europe.
There have been allegedly at the very least 5 bidders negotiating to purchase Ducati, in accordance with Automotive Information Europe, and rumors put Harley-Davidson among the interested parties. Closing bids for the motorbike have been due in October, so the labor unions narrowly averted VW Group promoting off the two-wheel-focused firm. Specialists anticipated VW might have raised as a lot as $1.eight billion (1.5 billion euros) for the agency.
Ducati has been part of the VW Group family since 2012. Neither firm ever formally revealed the sale worth, however Audi allegedly paid 837 million euros (the equal of $1.1 billion on the time) for the motorbike enterprise.