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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.

Senate considers more funds for cash-for-clunkers program

The cash-for-clunkers program is running on fumes, and government officials are working to get more funds for the popular program before the end of the week. A plan to add $2 billion to the fund passed the House and is being considered by the Senate, where is appears to have support, Reuters reports. The initial $1 billion clunkers outlay is nearly exhausted.

Nissan to issue recall for faulty part in tire-pressure monitoring system

Nissan Motor Co. plans to recall as many as 143,000 cars to replace a tire-pressure monitoring system nut that may corrode and crack in areas with heavy concentrations of road salt, the government said today. The cracking of the nut in the monitoring system could cause it to fall out of the sensor-transmitter that it secures, the National Highway Traffic Safety Administration said in a report on its Web site.