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Volkswagen profit jumps as it warns of a cooling auto market

FRANKFURT, Germany — Volkswagen says its profits jumped 44% in the third quarter thanks to a more profitable mix of vehicles in its lineup but warned that global car markets are slowing more than expected and lowered its forecast for annual sales. After-tax profit rose to $4.42 billion (3.98 billion euros) as revenues rose 11% to $68.27 billion (61.42 billion euros). The sales margin of 7.8% exceeded the goal of 6.5-7.5% as vehicles bringing higher profits took a larger share of sales. The Wolfsburg-based automaker pointed to the headwinds facing the industry by saying that it expects "vehicle markets will contract faster than previously anticipated in many regions of the world." It said sales would be "on a level" with last year's record of 10.8 million vehicles. Previously it had expected a slight increase. The company said its profits would be in the lower end of its forecast range. Global automakers are facing a slowdown in sales amid disputes over trade and from pressure in the European Union and China to develop and sell low-emission vehicles that require heavy investment in new technology. Ford and Renault have issued profit warnings in recent days, while Daimler, maker of Mercedes-Benz luxury cars, lost money in the second quarter and is expected to outline a cost-cutting strategy for investors on Nov. 14. Volkswagen is leading the push into electric vehicles in Europe by launching its ID.3 battery-powered compact car at prices it says will make zero local emission vehicles a mass phenomenon. The company was able to increase earnings in the quarter despite an 18% rise in spending on research and development.

2020 Bentley Continental GT plug-in hybrid spied undisguised

While at first, and even second glance, the Bentley Continental GT in the photos looks pretty unremarkable. In every sense, it's just a normal example of the latest Continental GT. On that third glance, though, you'll notice one extremely subtle detail that's off: it has a second fuel-filler door. That leads us to believe that Bentley has a plug-in hybrid version of the Continental GT on the way, and it's almost ready for production. And when we say this is a subtle change, we mean it. Unlike many PHEVs that have both filler doors on one side, this Bentley has one door per side. So from the side, there's nothing to tip you off to the strange addition. You can only notice the extra door from the rear, which shows both doors on the tops of the rear fenders. Either that, or you would have to know that the regular Continental GT's gasoline fuel door is on the right side of the car, not the left. As for what sort of hybrid powertrain is in this Continental GT, we would suspect it's the same as that in the Bentayga Hybrid revealed at the Geneva Motor Show earlier this year. It uses a turbocharged 3.0-liter V6 with an electric motor. Power and fuel economy haven't been announced for that powertrain, but Bentley says it is capable of driving the big SUV for 31 miles on a charge on the European cycle. We would expect the lighter, more aerodynamic Continental GT could probably eke out a few more mpg with the same setup. Considering that this test car was completely undisguised, and that it will likely use an existing powertrain, we expect this hybrid Bentley to be officially revealed soon. An announcement early next year with sales coming later that year seems plausible. Related Video: Featured Gallery 2020 Bentley Continental GT plug-in hybrid spy shots View 11 Photos Image Credit: CarPix Green Spy Photos Bentley Coupe Hybrid Luxury Performance bentley hybrid

Here's our first look at the new Bentley Flying Spur sedan

We've seen a few different versions of the new Bentley Continental GT coupe rolling around Europe, but now we have our first view at the Continental Flying Spur, the car's four-door variant. Just like the coupe, it looks a helluva lot like the outgoing model. Bentley has done just enough to keep the car looking fresh while retaining what are now characteristic traits of the Continental twins. The Flying Spur is really just a stretched version of the Continental GT, though the former no longer carries the Continental prefix. While we don't know exactly how much longer the wheelbase is, expect generous legroom for those in the backseat. Don't expect many changes from the B-pillar forward, including under the hood. Look for both a twin-turbo V8 and a meaty twin-turbo W12, both making copious amounts of horsepower and torque. These spy shots don't give us the best view of the front, but we can see that Bentley has stuck on fake headlights, just like the GT prototypes. The grille appears to be a little more upright than the current model. There looks to be significant differences between the front of the GT and the Flying Spur, but we'll have to wait for another look. The rear has the now requisite oval taillights and exhaust tips. The entire rear looks like a GT with wide hips. There's been no word on when the car will debut, but look for news as soon as this fall or early next spring. Related Video: Featured Gallery Bentley Flying Spur spy shots Image Credit: CarPix Spy Photos Bentley Luxury Sedan bentley flying spur bentley continental flying spur