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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.

Eccentrica Cars unveils Lamborghini Diablo restomod

San Marino-based Eccentrica Cars is bringing the Lamborghini Diablo, one of the most emblematic supercars of the 1990s, into the 21st century. The startup unveiled a limited-edition restomodded Diablo with a more modern design inside and out and a more powerful V12. Eccentrica enlisted the help of several well-known suppliers to complete its first project. BorromeodeSilva, a design studio based in Milan, updated the Diablo's lines by taking inspiration from the GTR model. The only exterior panel left untouched is the windshield; everything else has been updated, including the bumpers, the hood and the side skirts. Designers fitted a muscular-looking body kit, new-look headlights hidden behind retractable covers, and hexagon-shaped intakes that channel air to the radiators. The engine cover was redesigned as well. What you see isn't necessarily what you'll get if you're one of the lucky customers whose name appears on the waiting list. For example, the "remove before flight"-branded engine covers are temporary. They'll be replaced by a pair of "mobile components" on the production car.  The interior gets a similar treatment: it stays true to the original car's spirit and layout while incorporating modern styling cues and materials. Eccentrica describes it as "a meeting point between the minimalism of the early 1990s and the state-of-the-art mechanics typical of luxury watchmaking." It adds that one of the project's goal was to replace many of the plastic parts found in the original Diablo. Step in through the scissor doors — getting rid of such an emblematic styling cue was out of the question — and you'll find a pair of Alcantara-upholstered seats, a reinterpretation of the regular Diablo's steering wheel and a digital instrument cluster with a throwback look. Square buttons occupy most of the space on the center stack, while the center console features toggle switches and a gated shifter. Fully street-legal, Eccentrica's Diablo is powered by an evolution of the standard car's 5.7-liter V12 that develops 550 horsepower at 7,000 rpm and 442 pound-feet of torque at 6,500 rpm thanks in part to valvetrain modifications. In comparison, the Diablo launched in 1990 with a 5.7-liter V12 rated at about 492 horsepower and 426 pound-feet of torque. The engine exhales through a Capristo exhaust system, and it spins the rear wheels via a six-speed manual transmission. We haven't heard the V12 fire up yet, but we're betting it sounds amazing.

Harry Metcalfe finds out if the Lamborghini Huracan lives up to the Countach

Former Evo editor Harry Metcalfe might not be as prolific with his Harry's Garage videos as Jay Leno, but the Brit certainly makes up for not releasing continual content with quality, knowledge and passion. Already a Lamborghini fan, Metcalfe is now getting behind the wheel of the Huracan and positions it side by side with his own Countach. Metcalfe brings two fascinating focuses to his videos that you don't often see in clips like this. First, he loves the details, and you get looks at sometimes-ignored elements of the Huracan like its stalkless steering wheel layout and door handle design. Also, he treats part of his drive like a buyer's guide and suggests what option boxes to tick or leave alone. Among those, Metcalfe has absolutely nothing nice to say about Lamborghini's variable ratio steering system, and this one features the standard rack. Unfortunately, you do have to deal with some road noise during Metcalfe's drive that can make him somewhat difficult to hear. The advantage is that once he's out of town, viewers get an earful of the Huracan's screaming V10 engine. Related Video: