2015 Lamborghini Aventador Roadster on 2040-cars

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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.

All 12 Lamborghini Venenos have been recalled for risk of fire

From time to time, the fiery personality of Italian cars becomes a bit too literal, and this is one of those times. The National Highway Traffic Safety Administration (NHTSA) has acknowledged a recall for fire risk on the 2012–2017 Lamborghini Aventador, as well as all of its variants, including all three customer Veneno coupes and nine customer roadsters. We imagine the fourth non-production Veneno coupe is also affected. The recall involves 1,453 cars in the US, and Bloomberg reports that it also affects cars in other markets, for a total of 5,900. The report Lamborghini submitted to NHTSA says the issue lies with the gas tank's EVAP system. Liquid fuel can get into the EVAP system if an owner overfills it or in "particular handling situations," which we assume includes hard acceleration and cornering that sloshes the fuel around. If the fuel gets into the EVAP system, flammable vapors can escape. These vapors could potentially ignite, and the report states that high revving at a stop or using an aftermarket exhaust increases the danger due to the possibility of flames coming from the exhaust. According to NHTSA documentation, owners of affected vehicles will be notified of the issue by Lamborghini, and they will be able to schedule a time at the dealer to have the EVAP system fixed. The remedy includes a new type of purge valve, and the change will be done for free. Also, owners of the new Aventador S and the latest versions of the Aventador SV have nothing to worry about, since their cars already have the new parts. As for other Aventador and Veneno owners, we'd recommend not filling up your cars quite so full, and maybe don't show off at stop lights too much until the car is fixed. Related Video:

London police joyride in Lamborghini Huracan

A pair of Metropolitan London police officers are in hot water after they questionably impounded a Lamborghini Huracan earlier this summer. Oh, and they took it for a joyride. The stop, pictured above, occurred on June 2. The Huracan belongs to a rental car company was pulled over for having no insurance near Heathrow Airport. In Britain, police use a national database to run license plates to see if a car is insured. London-based City Supercars had recently updated the insurance on the $260,000-Lambo. However, there was a lag before the information was uploaded to the database. When manager Erwyn Mackee tried to explain the situation on the phone, the police weren't interested. "The officer was just being unreasonable and out of hand on the phone to me, and I was just trying to explain the facts calmly. He was just off his head, completely bonkers - it was very frustrating," Mackee told the Telegraph. So the Lambo was seized. But police decided to have a little fun with the car before sending it to an impound lot. Mackee checked the traffic-tracking software in the Huracan and found that officers were having a blast with their new prize. At one point, they hit 63 miles per hour in a 30-mph zone. Mackee called Met police out on Twitter. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Mackee, who is also a lawyer, told the Telegraph that the problem has been resolved amicably. Scotland Yard was embarrassed by the incident and punished the officers involved. One officer received three points on his license while the other was subject to management action. Related Video: