Wednesday, April 18, 2012

German asset stripping of the PIIGS continues apace - Audi/Ducati

A full report may be read in Business Week, although a price was apparently strangely absent from the official release! A quote:

VW Chairman Ferdinand Piech, who turned 75 yesterday, has long coveted the brand. He publicly expressed interest in buying Ducati in April 2008 before eventually losing out to Investindustrial. The purchase will make Ducati the 11th brand in VW’s portfolio, alongside super-car marques Lamborghini and Bugatti and heavy-duty truck manufacturers Scania AB (SCVB) and MAN SE. (MAN)

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