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Audi to buy Ducati – the four rings expands from four wheels

Audi 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.

Bush leaves CAFE decision for Obama

The Bush administration has decided to punt its promised decision on new fuel economy standards to the Obama administration. In a statement this morning, the U.S. Department of Transportation said it will not issue final rules for fuel economy standards for the 2011-15 model years as planned.

Peugeot 407 Coupe (2009) drops petrol engines

By Richard Webber First Official Pictures 10 July 2009 09:40 Peugeot has dropped petrol engines altogether from its gawping 407 Coupé and will only be offering oil-burners in the revised range. The reworked 2.0-litre unit improves in economy and power, but the big news is a new 3.0-litre V6, which will be Peugeot’s most powerful production engine ever. The V6 unit was a joint development by PSA and Ford, and produces 241bhp and a hefty 331lb ft of torque between 1600 and 3600rpm.