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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.

Kia Niro stars at the 2013 Frankfurt Motor Show

You sense from the press material accompanying the Kia Niro, on show here at IAA, that Kia is just a tiny bit pleased with its latest concept. And to be fair, it has every reason to be. Just look at it - this thing is magnificent.

New Peugeot 208 won’t spawn Estate or Convertible, but a 2008 SUV Crossover is planned.

There may be a new Peugeot 208 GTi (pictured) but no 208 CC or SW Peugeot has revealed that there will be no CC (Convertible) or SW (estate) versions of the new 208, but a 2008 SUV/Crossover is expected. The new Peugeot 208 has a weight of expectations resting on its new shoulders, with Peugeot finding sales harder to come by and hoping the new 208 may rekindle some of the sales fire the 205 had. So you’d think it would make sense to fill every possible niche imaginable with the 208, including spinning off various iterations in the style of MINI.