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Audi to buy Ducati – the four rings expands from four wheels
Mon, 12 Mar 2012Audi has struck an exclusive deal giving it first rights to buy Italian superbike manufacturer Ducati, CAR can reveal.The exclusivity deal gives Audi until mid April when the deal will likely be finalised, according to high-ranking sources contacted by CAR. Ducati's liabilities are around €200 million [earlier report said €800 million, this has been corrected], and our sources suggest the total purchase price is about €250m-€300m. This is a bold move by Audi, which sees the long-term advantage in moving into two wheels as well as four.
Concept Car of the Week: Pontiac Banshee (1964)
Fri, 22 Aug 2014In 1964, the Pontiac Motor Division was headed John DeLorean, who would go on to become one of the automotive industry's most divisive figures. He believed that Pontiac needed a compact, exciting car to compete with the newly launched Mustang and approved funding for the experimental Pontiac two-seat sports-car program, codenamed XP-833. Inspired by another GM show car, the rear-engined Corvair Monza GT from 1963, the lines of the XP-833 were a perfect example of the Coke-bottle bodystyle: long hood, short deck and sweeping fender curves.
Michelin Challenge Design 2013 finalists announced
Wed, 19 Sep 2012The finalists of the 2013 Michelin Challenge Design global vehicle design competition have been announced with all 15 of the chosen entrants' work to be displayed at NAIAS 2013. This year's theme, 'HALF! Lightweight with Passion', asked participants to explore how design contributes to and impacts the ongoing effort to develop more efficienct vehicles, while keeping the emotional side of car design front of mind.