184k Msrp! Conveniene Package! Stunning Color Combo! Ventilted Seats! on 2040-cars

Auto blog

If VW defaults on loans it may sell Bentley or Lamborghini

If something goes catastrophically wrong with Volkswagen Group's recent $21 billion loan, brands like Bentley or Lamborghini could hit the auction block. According to two insiders to Reuters, the beleaguered German automaker agrees with its creditors to sell assets if the company somehow can't pay back the debt in a year. One of these anonymous people claimed the company hasn't yet deliberated over what to sell. However, the sources were willing to speculate that the power engineering portion of Man could be among the first to go. "Volkswagen may also consider divesting luxury car brands Bentley and Lamborghini or motor bike brand Ducati, although these units don't really move the needle," an insider said to Reuters. VW Group negotiated with the banks earlier this week to get the massive loan. The cash is necessary as a buffer in case the automaker doesn't have enough money on hand to repair vehicles or settle upcoming fines. VW would reportedly issue bonds in the spring to begin paying the debt. The company's bills will start racking up quickly in the new year. German authorities mandate a recall there in early 2016, and repair campaigns in the US for the 2.0- and 3.0-liter diesel engines are inevitable. There are also hundreds of class-action lawsuits to settle. The company needs to resolve its CO2 emissions scandal in Europe, too. In response to these financial threats, VW management created a cost-cutting plan to slash the research and development budget by $1.1 billion next year.

Coronavirus prompts VW to stop production throughout Europe

FRANKFURT — Volkswagen Group, the world's biggest carmaker, is suspending production at factories across Europe as the coronavirus pandemic hits sales and disrupts supply chains, the company said on Tuesday. The German carmaker, which owns the Audi, Bentley, Bugatti, Ducati, Lamborghini, Porsche, Seat and Skoda brands, also said that uncertainty about the fallout from coronavirus meant it was impossible to give forecasts for its performance this year. "Given the present significant deterioration in the sales situation and the heightened uncertainty regarding parts supplies to our plants, production is to be suspended in the near future at factories operated by group brands," Chief Executive Herbert Diess said on Tuesday. Volkswagen's powerful works council concluded it was not possible for workers to maintain a safe distance from each other to prevent contagion and recommended a suspension of production at its factories from Friday. Production will be halted at VW's Spanish plants, in Setubal in Portugal, Bratislava in Slovakia and at the Lamborghini and Ducati plants in Italy before the end of this week, Diess said. Most of its other German and European factories will prepare to suspend production, probably for two to three weeks, while Audi said separately it would halt output at its plants in Belgium, Germany, Hungary and Mexico. Volkswagen's vast factories in Chattanooga, Tennessee, in Puebla, Mexico, and plants in Brazil were not affected, but that would depend on how the coronavirus spreads, VW said. Volkswagen has 124 production sites worldwide of which 72 are in Europe, with 28 in Germany alone. "2020 will be a very difficult year. The coronavirus pandemic presents us with unknown operational and financial challenges. At the same time, there are concerns about sustained economic impacts," Diess said.   Production in China resumes Volkswagen Group sold 10.96 million vehicles last year, putting it ahead of Toyota based on the latest figures from the Japanese carmaker. Globally, VW employs 671,000 people and it delivered 4.86 million vehicles to European customers in 2019. Only last month the car and truck maker based in Wolfsburg, Germany, predicted that vehicle deliveries this year would match 2019 sales and forecast an operating return on sales in the range of 6.5% to 7.5%. "The spread of coronavirus is currently impacting the global economy. It is uncertain how severely or for how long this will also affect the Volkswagen Group.

2021 Bentley Flying Spur V8 First Drive Review | Making a scene at the ends of the Earth

Even in the face of fading four-door relevance, a new luxury sedan still turns heads, and that goes double when it’s sporting the Flying B. The 2021 Bentley Flying Spur V8 marks the return of the “entry-level” variant of BentleyÂ’s storied touring sedan, and perhaps for the last time, as parent company Volkswagen appears poised to electrify its flagship luxury brand. As luxury nameplates go, Flying Spur really isnÂ’t all that long-running. It was used on a handful of cars in the late 1950s and early 1960s and then mothballed for four decades, returning in 2005 as part of the same Volkswagen prestige project that brought us the Phaeton. The two were even assembled side-by-side for a brief period at one of VWÂ’s German facilities while BentleyÂ’s factory in Crewe scaled up; that probably went over far better in 2005 than it would have in 1959.  My oldest remaining memory of the (then still a Continental) Flying SpurÂ’s modern incarnation stems from a write-up by a journalist who had embedded with some of VW GroupÂ’s engineers in South Africa. They were subjecting it to hot-weather validation, running the prototype (disguised as a Mercedes-Benz) deep into triple-digit territory on remote, dusty highways in a once-unforgiving and distant corner of the globe. The whole thing seemed very romantic to a 20-year-old college student and budding European car nut. The notion of a 190-mph super-sedan being tested in a locale that was once the southern terminus of the known world seemed almost mythical, and it left me with the lingering image of the Flying Spur as the sort of conveyance one might employ in a quest to reach the very ends of the Earth. Naturally, it wasnÂ’t long after Bentley asked if I wanted to sample the new Flying Spur V8 that this association bubbled up. LetÂ’s face it, though; taking a road trip in a grand British luxury sedan needs no justification. This isnÂ’t a car that requires an occasion; it supplies one all on its own. The 4.0-liter V8Â’s 542 horsepower may not hold a candle to the W12Â’s 626, but it also has to contend with 200 fewer pounds. Combined with cylinder deactivation, the V8 manages a 16% improvement in fuel economy, eking out 15 mpg in the city, 20 on the highway and 17 combined. The base V8 model also lacks the W12Â’s standard all-wheel steering and electronically controlled anti-roll bars, but those are still available if youÂ’re willing to cough up some extra cash, and relatively little of it, all things considered.