Audi AG, the world’s second-biggest maker of luxury cars, completed the 860 million-euro ($1.06 billion) purchase of motorcycle maker Ducati Motor Holding SpA and named Chief Executive Officer Rupert Stadler to the board.
Audi Chief Financial Officer Axel Strotbek and executive Horst Glaser will also join the Italian manufacturer’s board after the transaction was completed today, Bologna-based Ducati said in an e-mailed statement.
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