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Volkswagen is not selling Ducati

Written by Nayak

It was speculated that the Volkswagen Group was looking to sell off the Ducati brand in order to fund their fines for the Volkswagen Emission Scandal. This scandal is also known as Dieselgate or Emissionsgate. In this scandal, the United States Environmental Protection Agency (EPA) issued a notice of violation of the Clean Air Act stating that the Volkswagen Group’s diesel TDI (turbocharged direct injection) engine was intentionally programmed in a way that they emitted nitrogen oxide output as per the US standard only during lab testing and in the real world driving, the engine emitted 40 times more than the official standards.

In fact, later it was found out that several other car manufacturers like Volvo, Renault, Jeep, Hyundai, Citroën and Fiat were accused that their cars exceeded the legal emission limit in real-world driving. This led to a discussion that companies should open source these software-controlled machineries for the control of the emission so that it can be scrutinised properly. As per reports, Volkswagen group has accumulated fines worth USD 33.33 billion for the scandal. Thus, the speculation emerged that Volkswagen Group is planning to sell some of its assets.

Volkswagen Group recently announced that they have no intentions to sell the Ducati brand. Ducati has been a part of the Volkswagen Group since 2012. There were rumours doing the rounds that Volkswagen was planning to sell the Italian motorcycle company to Lamborghini, which is also owned by the Volkswagen Group. In a recent board meeting Volkswagen Group ended the speculation and confirmed that Lamborghini, Ducati and Bentley will remain to be a part of their plans. Bentley will move under the Audi AG group and this will further strengthen their quest for electrification plans.

Bugatti and Lamborghini are also a part of the Volkswagen Group but there are reports that these two high-performance car manufacturers will not lead the electrification plans but will continue to build internal combustion engines. Volkswagen Group is the largest car manufacturer in Europe since the past two decades. In the global automotive market, the Volkswagen Group grew from 10.9% in 2010 to 12.2% in 2019 in terms of market share.