August 22, 2018 / 8:19 AM / a month ago

VW CEO says is open to alliance or merger of Ducati: Handelsblatt

FRANKFURT (Reuters) - Motorbike brand Ducati could be merged with a rival or enter an alliance given a lack of synergy potential with the passenger car businesses at VW, Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess told German daily Handelsblatt.

FILE PHOTO: Herbert Diess, Volkswagen's new CEO, speaks during the Volkswagen Group's annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt

Volkswagen has struggled to find a long-term solution for the motorbike brand amid internal power struggles, with a 1.5 billion euro ($1.8 billion) auction stalled last year amid resistance from German trade unions.

“I can imagine a combination or a partnership with other brands. Ducati as a motorbike icon business within the Volkswagen Group is not sufficient,” Diess, who took the helm as Volkswagen chief executive in April, told the paper.

Reporting by Edward Taylor; Editing by Christoph Steitz

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