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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.

Bentley Bentayga leaks out in miniature form

Want to know what the completed, production-ready Bentley Bentayga will look like? So do we all, and we've had some pretty good glimpses at it already. But this could be our best look at the finished form yet. Leaking out in China are images not of the vehicle itself, but of a 1:18 scale model of Bentley's forthcoming inaugural sport-ute. And though that may not tell us precisely what it'll look like in full scale, it ought to give us a pretty darn accurate preview. Particularly given the detailed measurements with which these model manufacturers have to work. The design is pretty much as you might expect it to look. That is to say proportions typical of a full-size Volkswagen Group crossover like the Touareg, Audi Q7, or Porsche Cayenne. Bentley design cues set it apart: four round headlights up front flanking an upright mesh grille, side vents on the front fenders, a tasteful smattering of chrome trim, and big wheels. Looks like it'll have a pretty big glass roof, too. Or put another way, it looks like a toned-down version of the EXP 9 F concept that divided opinions when it debuted back at the 2012 Geneva Motor Show. One way or another, we're expected to see the beast in the flesh (or the machine in the metal) at the Frankfurt Motor Show next month, so it won't be long now. In the meantime, you can scope out more over at CarNewsChina.com. Related Video:

Bentley SUV spotted wearing its own suit

It's been over two years since Bentley unveiled its first SUV concept at the 2012 Geneva Motor Show. In the time since, Bentley has sent it back to the drawing board and started development, embodied just a couple of weeks ago as a test mule wearing the bodywork of an Audi Q7, the replacement for which will share its underpinnings with the new Bentley. But what we have here is our best look yet at the forthcoming big Bentley.
Now wearing its own suit (albeit a heavily camouflaged one), this Bentley SUV prototype was recently spotted undergoing testing. And judging from the NewBentley.com stickers plastered along its flanks and rear bumpers, it seems like the crew from Crewe wanted us to see it - or at very least has resigned itself to the fact that we probably would.
The prototype is already wearing the new round headlamps that were part of the redesign, as well as LED taillights, and the interior photos snapped through the windows give us an idea of what to expect from the completed cabin, including the digital instrument cluster and head-up display at the base of the windshield.