Audi AG finalizes its acquisition of all the shares of Ducati Motor Holding today through its controlled company, Automobili Lamborghini S.p.A.
On the same time, the German automaker has named Chief Executive Officer Rupert Stadler to the board of Ducati. Audi Chief Financial Officer Axel Strotbek and executive Horst Glaser will also join the Italian manufacturer’s board.
Current Ducati managers “will stay on board and remain responsible for business operations,” Juergen De Graeve, a spokesman at Ingolstadt, Germany-based Audi, said earlier today.
Ducati CEO Gabriele Del Torchio will join Lamborghini’s board, the motorcycle maker said.
Ducati generated revenue of $629.8 million (€480 million) in 2011. Ducati reports it sold around 42,200 motorcycles in 2011 compared to 35,300 in 2006, the year Ducati was acquired by Investindustrial S.p.A.
The 2011 sales year was also Ducati’s best ever, with sales up 43-percent over 2010. Much of the positive results can be attributed to the management team led by CEO Gabriele Del Torchio.