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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.
Formula E Electric Racers Move Closer To The Starting Grid
Mon, 19 May 2014WITH the FIA Formula E Championship building up to the new competition’s first race in Beijing, China, on 13 September 2014, the first batch of electric Spark-Renault racing cars have now been delivered to the competing teams. The handover took place at the series’ new premises at the well-known Donington race track. Alain Prost, co-director of the French team E-Dams, and also an ambassador for Renault, was at the circuit for this landmark delivery.
VW group design future
Mon, 23 Jun 2008By Adam Towler Motor Industry 23 June 2008 19:01 VW Group’s Design Director Walter De Silva shed light on the future direction of Volkswagen design during a lecture earlier this week at the old Fiat Lingotto factory in Turin. Extolling his own thoughts on design amid the current world – “constraints are what promotes creativity” - he described VW as being immersed in a process of defining their design language as Audi had already done to achieve the quality and diversity necessary. Audi design DNA was “understood by everyone in the company” he said, “right down to the smallest details”.