The Volkswagen Group got a new CEO last week, and in less than seven days, that news has already sparked renewed rumors in the German automobile conglomerate divesting itself of Ducati Motor Holdings.
For those who have been following Ducati’s saga, there was much talk last year of Volkswagen selling off a number of its other brands, all under the reasoning that the German company would need to raise capital to cover its mounting Dieselgate liabilities.
There was a fly in the ointment though: Volkswagen’s labor unions, who control half of the VW Group’s board seats, and were vehemently opposed to any brand divestitures.
Because of the unions, any sale – including Ducati’s – was a non-starter for the Volkswagen executives, though that didn’t keep the warring factions from trying. By the end of last year though, it seemed we had put this issue to bed. 2018, however, is a new year.
Pope Benedict XVI received a nice surprise today as Ducati Motor Holdings dropped off two purpose-built Ducati Multistrada 1200S Touring bikes for His Holiness. We don’t expect Il Papa to be riding the bikes anytime soon though, as the two Ducatis will be used by the Pope’s motorcade and Vatican gendarmerie (the Vatican police force), hence the special papal yellow paint scheme.