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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.

Planning continues for driverless cars

OFFICIALS in California have been looking to the future as they bid to legislate for the arrival of hi-tech driver-less cars. A law passed in 2012 set a deadline of the end of this year for the state's Department of Motor Vehicles to decide how to legally integrate the so-called autonomous vehicles - which were once the stuff of science fiction but could be commercially available by the end of the decade. The latest talks on the matter among roads officials focused on how the vehicles will record actions so the data can be used to reconstruct an accident in an effort to trace the cause.

Bristol Cars put into bankruptcy protection

U.K. carmaker Bristol Cars was placed into administration on Thursday, the British equivalent of bankruptcy. Officials now running the company said several people were laid off but that it was keeping the sales and service operations open.