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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.

Cadillac Converj concept

Cadillac surprised the press today when it revealed a new 2+2 concept called the Converj. In his introduction to the concept, GM Vice-Chairman Bob Lutz said the vehicle was "pushing the envelope on design quality, and efficiency - everything that makes a great design great". Conceived at GM's Advanced Design studios in Coventry, UK, by a design team led by Simon Cox (Director of GM Advanced Design UK), the project was brought to realization in the US under the leadership of Dave Rand, Executive Director of GM Advanced Design.

BUMPER CHOICE FOR USED CAR BUYERS

USED CAR BUYERS looking for a bargain might be pleased to hear that leading vehicle auction specialist British Car Auctions will be holding a super sale this Saturday April 9. The sale at BCA Belle Vue Manchester will have over 400 vehicles from Lex Autoloease and Black Horse Motor Finance including over 200 convertibles. “There’s no question that motorists are feeling the pinch at the moment so finding the best deal on their next used vehicle is vital,” said Tony Gannon BCA Communications Director.