2006 Bentley Continental Flying Spur Only 13k Miles! 1 Owner Massage Seats Wow$$ on 2040-cars

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Volkswagen posts quarterly profit despite drop in sales

Volkswagen returned to profit in the third quarter as surging Chinese demand for luxury cars helped offset a 1.1% drop in vehicle deliveries due to the pandemic, sending its shares as much as 3% higher on Thursday. The German automaker's return to the black comes amid spiking coronavirus cases in Europe that led governments in France and Germany to order their countries back into strict national lockdowns on Wednesday. "The coronavirus remains a central problem," Volkswagen Chief Financial Officer Frank Witter said in a conference call with reporters. "This situation now is anything but relaxed." But Witter said the group expected the economic recovery to continue and did "not anticipate any nationwide lockdowns in larger markets." Witter said the takeover of U.S. truck maker Navistar International by Volkswagen's trucking unit Traton was an important acquisition, but the "current economic climate will not make this easy." Volkswagen reiterated it expects to post a profit for the full year, saying its business "recovered noticeably" in the third quarter as sales in China of premium vehicles, including Audi and Porsche sports cars, rose 3%. The quarterly performance was also aided by a series of cost-cutting measures launched earlier this year. Volkswagen said its net liquidity rose to 24.8 billion euros from 18.7 billion at the end of the second quarter. Excluding one-time items, third-quarter operating profit was 3.2 billion euros ($3.8 billion), down from 4.8 billion euros a year earlier, but up from a second quarter loss of 1.7 billion. In a note to clients, Jefferies analyst Philippe Houchois described the results as a "solid performance with strong cash, but relatively muted in the context of the (auto) sector recovery." Last week, German rival Daimler reported a record 24% jump in Chinese demand for its Mercedes-Benz cars, boosting its margins in the third quarter. Italian-American Fiat Chrysler Automobiles and Peugeot manufacturer PSA Group both also posted solid results this week. Witter said Volkswagen could not say for sure whether it would meet EU CO2 emissions targets this year, adding "it will be a tough race." At 1030 GMT, Volkswagen shares were up 2.9% at 129.20 euros. Related Video: Earnings/Financials Audi Bentley Bugatti Lamborghini Porsche Volkswagen

Bentley unveils Continental GT3 racer [w/video]

Ten years after unveiling the concept car that ultimately became the Bentley Continental GT, the iconic British company is back at the Paris Motor Show, with another high-performance "concept" car. The newest member of the Bentley family, this Continental GT3 is a concept in name only, as the company is explicit about the fact that its debut marks a return to motorsports for the brand.
The last time we saw the flying B on a racecar, it was when Bentley was claiming honors at the 24 Hours of Le Mans in 2003. The GT3 seeks to take up that mantle, as well as the storied history of road-going Bentleys being transformed into competent racing machines.
Though technical details are nonexistent in the Bentley press release, the company has given us something to work with, in terms of the racecar that will ultimately result from this program. The GT3 will, naturally, build on the very strong performance of the Continental GT Speed, adding a rear-drive chassis, a massive aero package (the wing seen here in no joke) and "state-of-the-art motorsport hardware."

Bentley debuts the first Bentayga Hybrid in Geneva

Transcript: Bentley unveils the "world's first" luxury hybrid. Bentley revealed the Bentayga Hybrid at the 2018 Geneva International Motor Show. This is Bentley's first step toward eventually going fully electric. The Bentley Bentayga Plug-in Hybrid will include a turbocharged 3.0-liter V6 engine and the "E Motor." The E Motor acts as a generator and electric motor with 3 E Modes: EV Drive, Hybrid Mode, and Hold Mode. It has an electric range of 31 miles with a charge time of 2.5 hours using an industrial connection. Or 7.5 hours using domestic household sockets. The Bentayga Hybrid will also include: traffic sign recognition, rear crossing traffic warning, top view, a 360 view of your surroundings, and park assist detection. What do you think of Bentley entering the electric world? The luxury automaker Bentley unveiled its first ever Bentayga Hybrid SUV at the 2018 Geneva International Motor Show. It's Bentley's first step into going fully electric. The 'E Motor' in the vehicle will provide an electric range of 31 miles with a charging time of 2.5 hours using an industrial connection. Want more coverage of the 2018 Geneva International Motor Show? Head over to www.autoblog.com/geneva-motor-show Green Geneva Motor Show Bentley Hybrid Autoblog Minute Videos Original Video