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Lamborghini CEO says Urus headed to production

It's only a matter of time before Lamborghini is cleared to start producing the Urus sport utility vehicle, and, according to CEO Stephan Winkelmann, that time is expected to be soon, The Detroit News reports.
"We're going low profile now," Winkelmann says. "I can't tell you much on details now, but when we get close to the launch, we will have more." The CEO reportedly said earlier this year that the Urus would start production in 2017, which was backed up by earlier statements made by parent company Audi's CEO, Rupert Stadler, who told Autocar, "Lamborghini has to do it. Because of the need to dovetail into production cycles, we should see the Urus in 2017."
Lamborghini delayed production of the Urus a year ago due to Europe's economic climate while continuing to develop the SUV. But since then China, one of Lamborghini's largest emerging markets, has exhibited a slowdown of high-end luxury item purchases. Winkelmann now reportedly says the biggest opportunities are in "Japan, the Middle East and especially the US."

VW has received several tentative bids for Ducati

Italy's Benetton family is vying with motorbike firms and buyout funds for control of Italian motorcycle brand Ducati, which is being sold by Germany's Volkswagen, sources involved in the process told Reuters. Volkswagen, whose Audi division controls Ducati, has received several tentative bids with the Benetton family's investment vehicle Edizione Holding valuing the Monster motorbike maker at $1.2 billion, one of the sources said. As well as Edizione Holding, U.S. buyout fund Bain Capital, which owns a stake in Ski-Doo snowmobiles maker BRB, and two Indian motorbike firms, Eicher Motors and Bajaj Auto, have also bid for Ducati, the sources said. Indian carmaker Eicher controls Royal Enfield, a motorcycle brand established in 1893 which ranks as one of the oldest. Strategic bidders also include U.S. automotive firm Polaris Industries, which earlier this year said it would wind down its struggling Victory Motorcycle brand. A shortlist of bidders for a second stage of the auction could be selected as soon as Saturday, two of the sources said. Volkswagen adviser Evercore has a long list of bidders including private equity funds such as Ducati's previous owner Investindustrial, CVC Capital Partners, Advent and PAI, all hoping to outbid industry players, the sources said. If it gets to the second round, Edizione Holding could seek to form a consortium with a financial investor, two of the sources said, in a bid to secure control of Ducati, whose racers have won the Superbike world championship 14 times, with Carl Fogarty and Troy Bayliss its most successful riders. Audi, Edizione Holding, Investindustrial, Advent and PAI declined to comment, while the other interested groups were not immediately available for comment. PRICING CHALLENGES For some buyout funds, Ducati's valuation of up to $1.4 billion – which sources said is based on a multiple of more than 10 times its core earnings of roughly 100 million euros – is a tall order as they lack the synergies that some motorbike makers could achieve. But Investindustrial founder Andrea Bonomi, who sold Ducati to Audi for about 860 million euros in 2012, is serious about a comeback, one of the sources said. China's Loncin Motor was among a group of industry players that initially showed interest in Ducati, alongside Harley-Davidson. The latter has, however, decided against making a bid due to Ducati's price tag, while it could not be established if Loncin Motor had carried on bidding.

2019 Lamborghini Urus First Drive Review: The prodigal son of Rambo Lambo

If you're fascinated by the absolutely bonkers, 1980s-era Lamborghini LM002 like we are, it's hard not to hope the new 2019 Lamborghini Urus is a proper sequel to the late, great, notorious sport 'ute. The new silhouette is far friendlier than the '80s-era jumble of trapezoidal planes and, more crucially, this time around motivation comes from a much more powerful twin-turbo V8, not a massive V12 as it was the wild, Countach-powered LM. So where does the Urus sit in the supercar-on-stilts spectrum? We traveled to Rome and tackled road, track and trail to find out. While the Cheetah that begat the LM002 was intended to serve as a legit military vehicle, the Urus's faceted sheetmetal is wrapped around the Volkswagen Group's MBL EVO platform, a modified version of the steel and aluminum chassis found in the Audi Q8, Bentley Bentayga, and Porsche Cayenne. Though you'll find some Lamborghini styling elements sprinkled throughout including the jagged nose, angular wheel arches, hexagonal cues and Y shapes, there's also a vague VW Group family resemblance that has triggered a vigorous online debate about the overall Lamborghini-ness of the effort. View 58 Photos Climbing into the cabin reveals a painlessly un-supercar-like ingress and egress, and there's a good amount of space all around, from the front seats to the rear leg and headroom. The cabin can be ordered with 2+2 style rear bucket seats, or a five-seat configuration with a folding rear bench. Also un-Lamborghini-like is the rear cargo area, a 21.8 cubic foot space that can swallow two full size golf bags. There are a few familiar elements about the cabin from Sant'Agata, like the hexagonal vents and the missile launcher-style ignition button. But other parts, such as the twin touchscreen displays, betray the Audi/Porsche roots — not necessarily a bad thing, as the haptic screens works simply and intuitively, even if they lack the tactile pleasure of pushing physical buttons. Driving modes are controlled via what Lamborghini calls the "Tamburo," two toggles on either side of the Start button. The left determines the Anima (drive mode) setting, calibrating a slew of variables like throttle response, shift patterns, four-wheel steering and damping/ride height through six modes: Strada (road), Sport, Corsa (race), Sabbia (sand), Terra (offroad) and Neve (snow). Curiously, the paddle only scrolls in one direction; to select the previous mode, you'll have to flip through the five modes ahead.