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Volkswagen Group and Jeep Cut Deals with TomTom
In a related deal, TomTom said that it will supply connected navigation subsystems to Fiat Chrysler Automobiles’ Plug-in Hybrid Electric Vehicles (PHEV), the Jeep Renegade and Compass. Continue reading
Audi Buys Italian Motorcycle Maker Ducati
Ducati has manufacturing operations at its headquarters in Bologna and in Thailand. It maintains a series of importer companies in strategic markets. Audi said that the motorcycle market will “enjoy strong growth over the next few years,” especially in Asia where Honda dominates. Continue reading
Posted in auto news, motorcycles, news, performance, transportation
Tagged audi, auto informed, autoinformed.com, automotive news, ducati, honda, italdesign, Ken Zino, lamborghini, motorcycles
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Penske Automotive Adds Ferrari Dealership in Modena!
Penske Automotive Group (NYSE: PAG)* said today that it has completed the acquisition of the Ferrari dealership in Modena, Italy. Located in Emilia Romagna, the heart of the so-called Italian Motor Valley that is home to Ferrari, Lamborghini, Maserati, Pagani, Ducati and Dallara, this Ferrari dealership expands the PAG’s existing luxury presence in Italy to 29 automotive retail locations. PAG now represents nine Ferrari locations worldwide, including Maranello Classic Parts, the only official Ferrari classic parts distributor in the world. The forecast estimated annualized revenue of the Modena location is $40 million. Continue reading →