Wolfsburg, Germany - Volkswagen is reportedly considering a possible sale of Italian motorcycle maker Ducati as Europe's largest carmaker streamlines operations to help fund a strategic overhaul following the 'Dieselgate' emissions scandal.
Two insiders have confirmed that VW is reining in spending across the group, including cutting thousands of jobs at its core passenger-car brand, to help pay for a multibillion-euro shift to electric cars and new mobility services.
VW has tasked investment banking boutique Evercore with evaluating possible options, they said, including a sale of the Ducati brand, which its Audi division acquired for about €860 million (then R9 billion) in 2012.
Apparently VW has started reaching out to potential buyers to sound out their interest but no decision has been taken on whether the brand will be sold.
VW referred requests for comment to Audi; Audi and Evercore declined to comment.