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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.

Lamborghini Huracan Performante Spied | Autoblog Minute

New spy shots of the Lamborghini Huracan Performante surface before it?s debut at the Geneva Auto Show. Lamborghini Luxury Autoblog Minute Videos Original Video 5g Connectivity supercar transportation mobility luxury vehicle huracan lambo

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: