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.

Aspid tease all new sports car

Aspid tease Aspid (which were IFR Aspid) – Spanish sports car maker – is teasing a new sports car to be revealed in the next few weeks. Aspid is a Spanish maker of sports cars responsible for the rather retro – at least in styling – SuperSport model. We caught up with the Aspid SuperSport at Salon Prive a couple of years ago, and we were impressed by a Caterham-style car offering very high levels of fit and finish and a remarkable 0-62mph in under 3 seconds.

Jaguar Land Rover to spend additional £250 million a year with UK suppliers

JLR to spend and extra £1 billion with UK suppliers The Range Rover Evoque phenomenon continues with Jaguar Land Rover announcing an extra £250 million additional annual spend with UK suppliers. Just last week we had the news that Land Rover’s Freelander 2 had hit sales of 300,000 since its launch in 2007, but if the Range Rover Evoque continues selling the way it has that figure will be eclipsed in half the time by the Evoque. And it’s sales of the Evoque – Land Rover has sold 60,000 Evoques in the first seven months on sale – that’s driving the need to spend more with suppliers and the announcement today that UK suppliers can look forward to an extra £250 million a year being spent to support the Evoque’s production at Halewood.