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VW may add small car or SUV to U.S. plant

Volkswagen may build a small car or an SUV at its new U.S. plant in Tennessee, in addition to the mid-sized sedan that goes into production there next year. VW is considering options for the plant's second product even before it has begun building its first, Tom Loafman, the company's purchasing director, said here last week at the CAR Management Briefing Seminars.

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.

Ford posts record first-quarter profits

Ford Motor Co. said first-quarter net income increased 15 percent from a year earlier to $1.61 billion, as rising U.S. auto sales pushed North American profits to a record, offsetting deeper losses in Europe.