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Audi set to buy Ducati for $1.1 billion

News wire reports in Europe on Tuesday said Audi is poised to buy Ialian motorcycle maker Ducati from owner Investindustrial for about $1.1 billion (860 million euros). Audi has reached an agreement with Investindustrial to buy the maker of luxury motorbikes, with VW's supervisory board set to approve the deal on Wednesday, said a person familiar with the details, who declined to be identified discussing the private negotiations. Audi and Investindustrial declined to comment.

Car collector, lawyer O'Quinn dies in car crash

Noted Texas attorney John O'Quinn, a car collector who at one time owned more than 600 vehicles, died after the SUV he was driving in Houston ran off the road and crashed into a tree. O'Quinn was 68. Police are continuing to investigate the crash, which happened Thursday morning on wet roads.

Los Angeles, Miami on 2014 Formula E schedule

Today Formula E, the open-wheel world championship for electric cars sanctioned by the FIA, released a preliminary list of eight cities across the globe where races will be held: London, Rome, Los Angeles, Miami, Beijing, Putrajaya (Malaysia), Buenos Aires and Rio de Janeiro. Rome and Rio de Janeiro had been announced earlier, but the rest of the cities are new to the schedule. All courses will be run on city streets in downtown locations accessible to public transportation, according to a release by Formula E Holdings, the organization putting on the series.