Advertise on Bizcommunity

Subscribe to industry newsletters

NEWSWATCH: Ferrari ups production, Audi to keep Ducati

Ferrari has announced that it may raise its production output to 9,000 cars in 2018 and Audi has announced that it plans to keep Italian motorcycle brand, Ducati.
Ferrari ups production

Image via Ferrari


According to reports, the increase is part of chief executive officer Sergio Marchionne’s plan to boost profit by expanding the Italian manufacturer’s lineup while maintaining the exclusivity of its costly models. It plans to achieve its goal by doubling factory shifts to two a day.It is believed that Marchionne will present Ferarri’s latest mid-term strategy early next year.

Audi keeps Ducati

Image via Ducati


According to a report on Motor Trend Rupert Stadler, Audi's chief executive told Reuters that the car manufacturer "has taken steps to reduce costs by $11.8 billion and started to create better ties with Porsche as part of an alignment strategy for both luxury brands." Stadler reportedly said that there is “no economic need” to sell Ducati.

For more:

Get a daily news update via WhatsApp or sign up to our newsletters.

About Ilse van den Berg

Ilse is a freelance journalist and editor who loves all things related to travel, wine, cars, and entrepreneurship. She is also the editor of Go & Travel, a platform connecting all the stakeholders in the travel & tourism industry. From 2010-2014, her beat was Marketing & Media at Bizcommunity.com. Then she had a 2-year adventure in Italy after which she returned to Bizcommunity as the Motoring, ICT, and Logistics editor. She decided to try the freelance thing as of August 2018 and she is still a contributing writer for Bizcommunity. You can check out her work here, here, and here. In her spare time, she's probably surfing, hiking, or travelling. Contact Ilse if you require any writing or editing services on (note .co NOT .com) or or find her on Twitter.
Comment

Related