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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.

New Mercedes ML63 AMG (2012) revealed UPDATED: ML63 AMG video

New Mercedes ML63 AMG (2012) revealed ahead of LA Show Just a five months on from the debut of the 2012 Mercedes M Class we now get the bonkers version revealed ahead of the 2011 Los Angeles Motor Show – the 202 Mercedes ML63 AMG. Teased last week on Mercedes’ Facebook page, the new ML63 is exactly what we expected from the quickest SUV Mercedes has ever produced. As expected the ML63 gets the new Mercedes twin-turbo 5.5 litre V8.In the ML63 it delivers 518bhp and 516lb/ft of torque enough, Mercedes say, to dispatch the 0-60mph sprint in a ridiculous 4.7 seconds and on to a limited 155mpoh top speed.

Chrysler repays $7.6 billion in outstanding U.S., Canadian loans

Chrysler on Tuesday repaid $7.6 billion in loans to the U.S. and Canadian governments, nearly two years after the No. 3 automaker was rescued.