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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.
Driven: Chevrolet Orlando
Mon, 21 Feb 2011Chevrolet recently launched the new Orlando crossover in the UK market. The seven passenger vehicle – which eschews a conventional monovolume MPV package in favor of a more bulky, upright one that aims to fill the same need – will be sold in the North American market as well as in Europe. Cloaked in crossover skin, the Orlando is not to be taken lightly.
Troubled Nurburgring race track finds buyer
Fri, 07 Mar 2014Rex The legendary Nurburgring race track in Germany is set to be bought out by a consortium led by private investment group HIG capital, it emerged on Friday. The circuit has been burdened with enormous debts, went into administration in 2012, and has been looking for a new owner since last spring. HIG’s move will hopefully allay fears of car enthusiasts around the world, who visit the historic 13-mile track in droves to test the limits of both their car’s handling and their own skill.