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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.

Ford offers $1m of design scholarships in memory of William Clay Ford

Ford Motor Company has put aside $1million to be awarded in automotive design scholarships over the next 20 years in order to commemorate the life of William Clay Ford who passed away on Sunday. The Ford Fund will release $10,000 each to five college sophomores or juniors per year who are following a career in car design. William Clay Ford was the last surviving grandchild of company founder Henry Ford and design was his lifelong passion.

Virtually sit in the new Corvette Stingray

We're not sure how this awesome 360-degree look at the new Corvette interior flew under our radar for so long, but we're loving the full driver's view of the 2014 Stingray taken at the Chicago Auto Show. The massive improvements in the Corvette's interior are on full display, with the red leather and carbon-fiber accents adding just the right amount of Bad MoFo to what's an otherwise luxurious cockpit. Stay tuned: We're expecting to get our hands on the new Corvette this summer, and we'll bring you a full drive report as soon as we wipe the grins off our faces.