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Audi set to buy Ducati for $1.1 billion
Tue, 17 Apr 2012News 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.
Toyota and Lexus cars may have problems with stalling engines
Thu, 01 Jul 2010More than a quarter-million Toyota cars sold worldwide--including many Lexus cars--have engines that may suddenly stall while the car is moving, Toyota said on Thursday. So far, Toyota has not recalled the vehicles, which total about 270,000 units. And its announcement in Japan did not say how Toyota discovered the problem.
Chevrolet Corvette C7 Stingray [w/Gallery]
Tue, 15 Jan 2013Chevrolet has unveiled its new seventh-generation Corvette, the Stingray, at the 2013 North American International Auto Show. The Stingray's exterior and interior have been completely redesigned from the outgoing model. A stainless steel bar splits the broad grille horizontally at the base of the sleek hood, which is raked with lines and air intake vents.