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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.

Jaguar XFR-S: The Video

With the Jaguar XFR-S now on the show floor in Los Angeles, we have the first video of Jaguar’s quickest saloon car. Pretty (although quite un-Jaguar like) though the XFR-S is to look at, nothing gives you a feel for a car – apart from driving it – quite as well as a decent video with great sounds. And that’s exactly what Jaguar has on offer with their launch video for the XFR-S.

Mazda reportedly to pull out of Michigan joint venture with Ford

Mazda is reportedly pulling out of a joint manufacturing venture with Ford Motor Co. that was thought to be unprofitable for the Japanese carmaker. The site, AutoAlliance International, is about 25 miles south of Detroit and makes the Mazda 6 and the Ford Mustang.