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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.

Volkswagen to enter F1?

VW already competes in Formula Three But we’re hearing reports that VW is considering going in to Formula 1 which – with manufacturer teams leaving willy-nilly – does perhaps seem a bit odd. And VW has no F1 history to speak of. Yes, Auto Union did participate in Grands Prix pre-war, Porsche had a very minor bash decades ago and Lamborghini has offered up a few engines for other teams.

Audi debates bringing its Q3 crossover to the United States

Audi hasn't decided whether to bring the compact Q3 crossover to the United States, but it could happen in three years after a midlife freshening, said Johan de Nysschen, president of Audi of America. "We have to look at the economic feasibility, and it has to hit targets. We have to overcome certain challenges," de Nysschen said at the Frankfurt auto show.