Ducati to Invest €121 Million in R&D and Innovation with State Aid
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Ducati to Invest €121 Million in Research & Innovation with State Support
Ducati’s Major Investment in Research, Development, and Innovation
ROME, Aug 5 (Reuters) – Italian motorbike maker Ducati, part of the Volkswagen group, will invest €121 million ($140 million) on research, development and innovation, with about 25% of the funds coming from the Italian government, the company said on Wednesday.
Project Overview: “Ducati Raise the Bar”
• The “Ducati Raise the Bar” project focuses on research, development and technological innovation, with more than €99 million allocated to industrial research and experimental development activities.
Government Support and Funding
• The Italian industry ministry will contribute €33.5 million through a non-repayable grant, Ducati and the ministry said.
Goals: Innovation and Sustainability
• The investment is aimed at expanding the product range through the introduction of innovative and sustainable technologies, as well as fostering the evolution of production processes, the company said.
($1 = 0.8660 euros)
(Reporting by Alvise ArmelliniEditing by David Goodman)
