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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.

Akio Toyoda to testify before U.S. House panel

Toyota Motor Corp. President Akio Toyoda accepted an invitation to testify next week before a congressional committee that is investigating the automaker's safety problems. “I have received Congressman Towns' invitation to testify before the House Committee on Oversight and Government Reform on February 24 and I accept," Toyoda said in an e-mailed statement Thursday.

Dany Bahar’s restored V8 Lotus Esprit for sale

With Dany Bahar now ousted as Lotus boss, his fully restored 2002 V8 Lotus Esprit is up for sale. When Dany Bahar joined Lotus from Ferrari, he brought with him some grandiose plans – and an ability to spend money – that were ultimately his undoing. And it appears Bahar was a bit too grand to run around in any of Lotus’s current models as ambassador for the brand, instead deciding the way to go was a fully restored version of the last Lotus supercar – the Lotus Esprit.