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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.

Listen to Lamborghini's 830-horsepower track special scream its heart out

Lamborghini's next V12-powered hypercar is around the corner, and there's a good chance you'll hear it coming before you see it. The company released a preview video that confirms its 12-cylinder sounds better than ever. The 17-second clip shows the as-yet-unnamed model lapping a race track as part of its shakedown testing program. We can clearly hear the naturally aspirated, 6.5-liter V12 whirring away as it approaches its redline. It's an evolution of the engine found in the mighty Aventador S, among other cars, but it's tuned to deliver 830 horsepower. As to the transmission it's paired with, your guess is as good as ours, but we wouldn't expect the manual gearbox to make a glorious comeback. Lamborghini's in-house design center, Centro Stile, and its triumphant racing division, Squadra Corse, joined forces to create the model. Developed exclusively for track use, it's decked out with numerous vents, wings, and scoops. The video suggests the widespread use of composite materials like carbon fiber keeps weight in check; we notably spot it on the massive rear diffuser and on the equally large spoiler. Odds are it's all over the interior, too. The company has pointed out the front sub-frame is manufactured from aluminum, and that an innovative self-locking-type differential makes the car more drivable as it approaches its limits. Center-locking wheels wrapped by sticky Pirelli tires are part of the package, too. The video does a formidable job of hiding the car's overall lines. It looks like the driver enters the cabin via a scissor door, which suggests the model is Aventador-sized (or, like rumors claim, Aventador-based). Alternatively, it might be a preview of the Aventador's replacement, which is due out in the early 2020s with hybrid power. What's certain is that it wears a low-slung design; it's no minivan, though Lamborghini has made one before. Lamborghini will release additional information in the coming months, and the car's full unveiling is scheduled to take place this summer. It's a limited-edition model, and while there's no word yet on how many examples will be built, it's reasonable to assume they'll all be spoken for by the time we see it. Lamborghini Performance

Lamborghini Huracan crashes, burns, splits in two in Chicago

A burned and broken sports car strewn across the streets of Chicago isn't a pretty sight. This past weekend, a Lamborghini Huracan was involved in an accident that literally split the car in half, sending bits of carbon fiber, plastic, and metal all across a busy intersection. Thankfully, the driver survived and was pulled from the car just moments before it went up in flames. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. It's unclear who or what started the accident, but it's clear that a telephone pole finished it. According to NBC 5 in Chicago, witnesses say a Lincoln MKS struck the Lamborghini, pushing it into the telephone pole. The pole then split the car in half, sending the rear half of the car into a nearby fence. The front half lay broken on the street, yards away from the rear. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Although the damage to the Huracan was severe, the passenger cell did it's job and protected the driver. Many modern, high-end sports cars like the Huracan or the McLaren 650S feature a carbon-fiber crash structure that's designed to protect the occupants in an accident like this. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Chicago police are still investigating the accident. Related Video: