Ducati speeds ahead with cost cuts, restructuring

Newswire

MILAN, Feb 27 (Reuters) - Italian motorbike maker Ducati is focusing on cost-cutting and a fresh restructuring of its U.S. operations after posting a nearly 40 percent drop in 2002 net profit, CFO Enrico D'Onofrio said on Thursday. Ducati, maker of the flame red bikes with a thousands strong fan club, earlier this month said a strong euro, restructuring and development of new models, had driven its net profit down to 6.5 million euros ($7 million) from 10.6 million in 2001. U.S. ...

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