Report: India’s Eicher Motors Readies Binding Bid for Ducati
Eicher Motors Ltd., the Indian maker of classic Royal Enfield motorcycles, intends to make a binding offer to acquire superbike maker Ducati Motor Holding SpA for $1.8 billion-$2 billion, sources tell the Economic Times.
#economics
Eicher Motors Ltd., the Indian maker of classic Royal Enfield motorcycles, intends to make a binding offer to acquire superbike maker Ducati Motor Holding SpA for $1.8 billion-$2 billion, sources tell the Economic Times.
Ducati, which was acquired five years ago by Volkswagen AG, has been on the market since April. Reuters has reported that as many as five companies may submit bids. The offers are due by the end of September.
ET says Eicher is finalizing a financial package for its bid. The company is believed to be the only Asian contender. But a Reuters report earlier this week said internal debate has prompted VW to suspend the sales process.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.