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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.
Rolls-Royce RR4 preview
Tue, 27 May 2008Rolls-Royce Motor Cars today revealed the first design sketches of its next new model. Known internally as the RR4, the car is due to be launched in 2010 and will sit alongside the Phantom in the model line-up. The RR4 will be smaller than the Phantom and powered by a new engine, unique to Rolls-Royce.
Chrysler first-quarter profits down
Mon, 29 Apr 2013Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.