VW's Audi division buys Ducati motorcycles

Volkswagen's Audi unit is to buy the Italian high-performance motorcycle maker Ducati from Investindustrial Group. The move gives VW another glossy brand to go with its Lamborghini, Bugatti and Bentley luxury car makers.

Audi did not disclose the purchase price in announcing the deal. It said the acquisition was approved by the boards of directors of both Audi and parent Volkswagen.

Audi said the deal "will be completed as quickly as possible" once antitrust authorities have approved it.

Ducati, based in Bologna, has some 1,100 employees. Last year, it sold about 42,000 motorcycles and had revenue of nearly £400m.