Audi CEO Rupert Stadler denies rumours of Ducati brand sale

Added in: Ducati

Ducati India - Pune Dealership - Official Images (1)

Contrary to earlier news report, Audi CEO Rupert Stadler has confirmed to Motorcycle News that the Ducati brand will not be sold to settle the dues of Volkswagen’s dieselgate fiasco. Ducati was acquired Audi which is a part of Volkswagen Group back in 2012.

Professor Stadler, who is also a board member of Volkswagen, told the motoring portal, “Ducati is not for sale.” The rumour began after a speculative report by Bloomberg suggested that Volkswagen Group was considering divesting itself of non-core brands. There is nothing official statement from Volkswagen Group about any such development.

The Volkswagen Group is reportedly looking at fines of up to USD 18 billion for violating US diesel emission norms since 2009. The company rigged their diesel cars with a “defeat device”, a software which turned on full pollution controls only when the car was undergoing official emissions testing. According to estimations, the cars pollute 10 times to 40 times the legal limits during normal driving.

Source: MotorcycleNews

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