Deals
Volkswagen Withdraws Ducati Sale Amid Unions’ Opposition
- Advisers had selected five possible bidders for Ducati in July
- The Italian motorbike maker was valued up to 1.5 billion euros
This article is for subscribers only.
Volkswagen AG halted the possible sale of its Ducati motorcycle unit amid persistent opposition from its powerful labor groups, according to an Italian union leader.
“Ducati’s CEO told workers Friday that the VW supervisory board decided to halt the sale process," Bruno Papignani, regional head of FIOM CIGL union, said in a phone interview. "IG Metall sustained and helped Ducati workers in their request to remain inside the VW group which should keep investing in our company."