In February last year, it was reported Volkswagen is preparing to sell some of the brands in its rich portfolio to cover the expenses related to the diesel scandal. Back then, it was rumored the German auto giant is searching for a possible buyers of truck manufacturers MAN and Scania, while later in 2016 Ducati sale was added as another possible deal.
Fast forward to April 2017, MAN and Scania are still part of Volkswagen, Reuters reported the Italian motorcycle manufacturer could be the first brand from the Group to be sold following the Dieselgate. However, Volkswagen’s financial results were pretty strong last year, forcing the majority of members in the company’s supervisory board to not back a possible sale of the famous marque.
Now, several months later, Automotive News reports that labor leaders are joining members of the supervisory board in asking Volkswagen to put the sale of Ducati on hold, regardless of the price a possible buyer is offering.
Instead, according to The Wall Street Journal, the manufacturer is actively working on possible deals to sell non-core assets accounting for as much as 20 percent of its annual revenues. Matthias Mueller, CEO of Volkswagen, has told the publication a new team working to sell businesses that are no longer considered critical has been created.
"The list (of asset disposals) has not been put away on the shelf. But we’re not going to let anyone tell us which decision to make," Mueller told the newspaper.
Asked about a possible merger with Fiat Chrysler Automobiles, he said that any talk of such a deal is “speculation.”
“We’re a big company and don’t have any interest in getting any more bloated. There has been a lot of speculation about FCA, which we’ve noted, but it is just speculation and nothing more,” Mueller commented.
Source: Automotive News