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Report: Ducati Sold to Audi for US$1.13 Billion

Reuters is reporting Audi has reached a deal with Investindustrial to acquire Ducati for a price of 860 million euros (US$1.13 billion). Citing two unnamed sources familiar with the deal, Reuters reports the purchase price includes Ducati‘s debts, estimated by one of those sources at below 200 million euros (US$262.6 million). As previously reported, the deal will be officially announced April 18, ahead of the annual shareholders meeting for Audi’s parent company, the Volkswagen Group.

Massimo Tamburini: 1943 – 2014

Massimo Tamburini, creator of some of the industry’s most iconic motorcycle designs, has succumbed to lung cancer at the age of 70. Tamburini was diagnosed with the disease last November and underwent chemotherapy treatment but passed away April 6. Earning renown for designing motorcycles such as the Ducati 916 and the MV Agusta F4, Tamburini’s name will be forever linked with those two companies, as well as Cagiva and helped found Bimota (Tamburini is the “Ta” in the company’s name.) Massimo Tamburini (right) with another late motorcycle industry icon, Claudio Castiglioni.

2012 US Motorcycle Sales Results – Industry Reports 2.6% Increase

The Motorcycle Industry Council reported a 2.6% increase in motorcycle sales in the U.S. market for 2012. According to the industry group’s figures, American consumers purchased 452,386 motorcycles in 2012 compared to 440,899 motorcycles in 2011.