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Bentley says 'emotional sensitivity' slowed sales in 2023

LONDON — British luxury carmaker Bentley on Tuesday reported a lower operating profit for 2023 after a weak economy and high interest rates hit sales, but the company said its performance had stabilized and new launches would boost it in 2024. "We had an uneven performance for the first time in about four years," CEO Adrian Hallmark told reporters. "Even though our customers can still afford our cars... there was a level of emotional sensitivity that slowed down demand." For those who leased rather than bought cars with a starting pre-tax price above 220,000 euros ($238,590), interest rates had led to a tripling in monthly fees last year, Hallmark said. He said the launch of four high-performance hybrids this year should spur sales as the company gears up to launch its first fully electric Bentley in 2026. Bentley is aiming for an all-electric model lineup by 2030, but Hallmark said its hybrids were likely to be on sale after that deadline as the company seeks to ensure a return on its substantial investment. The luxury automaker in January reported an 11% drop in sales for 2023 following a record year in 2022. The British luxury unit of Volkswagen posted an operating profit of 589 million pounds ($748 million) for 2023, down nearly 17% from 708 million pounds in 2022. Revenue was down 13% at 2.94 billion pounds from a year earlier and the company said its profit margin dropped to 20.1% from 20.9% in 2022 because of investments in new vehicles. Earnings/Financials Green Bentley Luxury

2017 Bentley Mulsanne defines the latest in handcrafted luxury

It takes 144 craftsmen roughly 399 hours to build a Bentley Mulsanne. In today's world of automation and just-in-time parts delivery, such statistics sound ridiculous. But this old-school approach to vehicle assembly earns this beast its status as Bentley's flagship. It takes about a third of that time to assemble a Continental GT, for instance, which is one reason the Mulsanne is so expensive. It's also why Bentley moves more than five Continental models for every Mulsanne it sells. Bentley has a brand-new crown jewel coming soon to dealerships as a 2017 model, and it will debut next week at the 2016 Geneva Motor Show. An Extended Wheelbase version joins the base Mulsanne and the Speed, pushing the lineup to three for the first time. Although Bentley officials take pride in the fact they are the largest producer of 12-cylinder engines in the world, the Mulsanne continues to soldier forth with the long-serving 6.75-liter V8. While this L-Series engine traces its roots all the way back to 1959, as evidenced by its cam-in-block overhead-valve design, it's been fully modernized with electronic controls and twin turbochargers. The result is 505 horsepower and 752 pound-feet of torque (or 530 hp and 811 lb-ft in the Speed), routed through a ZF eight-speed automatic transmission to the rear wheels. This is the same engine that has powered flagship Bentleys since 2010, and it's effortlessly capable of pushing the Mulsanne from 0-60 in 5.1 seconds and all the way up to a top speed of 184 miles per hour. The upgraded Mulsanne Speed improves those figures to 4.8 seconds and 190 mph. That's plenty of performance for this kind of vehicle, weighing as it does nearly 6,000 pounds. With that kind of power and heft, a solid chassis is a must. Active engine mounts join new suspension bushings for 2017, and the air suspension system has been updated. Continuous Damping Control and a Drive Dynamics Control System with three factory and one custom setting are standard. Also new are tires codeveloped with Dunlop that have foam-filled cavities to reduce interior cabin noise. Where the styling of the outgoing Mulsanne is smooth and stately, the new one is more angular and modern. At the front, the traditional upright grille remains, but it's over three inches wider than before, and is slatted with vertical vanes in polished stainless steel that are meant to recall Bentley classics from the 1930s.

Bentley Continental GT Speed gets a little more juice

The latest version of the Bentley Continental GT Speed packs 633 horsepower, up ever so slightly from the 626 hp in the outgoing version launched in 2014, the 616-hp model that arrived in 2012, and the 602 hp offered in the first iteration from 2007. It also leaves the previous, 621-hp Supersports model in its wake, and further separates the flagship twelve-cylinder version from the lighter but less potent V8 model. Along with the relatively negligible 7-horsepower increase, the crew from Crewe also raised the torque figure by 15 pound-feet to a total of 619. As a result, Bentley says the latest flagship Conti will hit 60 in 3.9 seconds, down from the 4.0 flat the previous version was quoted at. No word on the top speed changing, but at 206 miles per hour, it didn't need much improvement in the first place. The Flying B marque has also launched a new Black Edition of the same model that offers a whole array of visual enhancements inside and out. As you might have guessed, it consists mostly of black trim, but also some contrasting aero components and leather trim. That's all well and fine, but we doubt most occupants would be paying much attention once all that power is deployed. Related Video: BENTLEY LAUNCHES NEW GT SPEED AND STRIKING BLACK EDITION - Continental GT Speed increases power and torque - Bold new Black Edition joins GT family - New and unique styling cues handcrafted to perfection at Bentley's Crewe factory (Crewe, 4 April 2016) Bentley unveils today the revised Continental GT Speed, raising the bar even further in terms of exclusivity and performance. The fastest production Bentley ever, with a top speed of 206 mph (331 km/h), now delivers even more power and torque, and a striking new Black Edition model joins the Speed family. Engineers at Bentley in Crewe have developed even more muscle from the Continental's iconic 6.0-litre twin-turbocharged W12 engine. The GT Speed now produces 642 PS - up from 635 PS - and 20 Nm of extra torque, bringing its total to a forceful 840 Nm. This additional torque is applied through the entire rev range via careful reoptimisation of boost control, raising the Grand Tourer's renowned "torque plateau" of continuous maximum torque delivery from 2,000-5,000 rpm, and bringing even greater acceleration performance. As a result, the 0-60 mph sprint time has dropped to just 3.9 seconds (0-100 km/h in 4.1 secs).