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Volkswagen posts quarterly profit despite drop in sales
Thu, Oct 29 2020Volkswagen 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
VW may make Bentley a subsidiary of Audi
Sun, Oct 25 2020FRANKFURT — Volkswagen plans to make British luxury carmaker Bentley a subsidiary of its Audi division as it seeks economies of scale among its top-end brands, German trade publication Automobilwoche reported. Bentley, for now overseen by the head of VW's Porsche business, Oliver Blume, will from next year be part of Audi, where VW group Chief Executive Herbert Diess believes it has more potential, Automobilwoche cited company sources as saying. Synergies could include using Audi technology for a new Bentley SUV, it added. Volkswagen, which declined to comment on the report, is reviewing the future of its high-performance brands Lamborghini, Bugatti and Ducati motorcycles as part of broader quest for more economies of scale as it shifts to mass producing electric cars. Sources familiar with the matter told Reuters this month that Volkswagen was working on plans to prepare Lamborghini for a stock market listing. Related Video: Audi Bentley Volkswagen
Your Bentley interior can literally rock with stone trim
Thu, Oct 22 2020The ultra-luxury car market has been moving in the direction of ever more customization to provide buyers the most unique products possible. The latest move comes from Bentley and its Mulliner division, which has added some special interior trims to the existing line of gloss wood. Now buyers with the means can finish their Bentley interiors in open-pore wood, carbon fiber, aluminum, color-matched paint and even stone. The two most impressive interior trims are the stone and open-pore options. The stone veneers are made from slate and quartzite, and are available in four different colors: Autumn White, Copper, Galaxy, Terra Red or the Galaxy that's shown in the gallery above. In order to keep the stone from adding too much weight, the veneer is only 0.1 mm. It's also finished so that you can feel the texture of the rock. For the open-pore trim, Bentley offers three wood choices: Liquid Amber (made from American Red Gum), Dark Burr and Tamo Ash. Each has a unique grain that can be felt thanks to the 0.1-mm thick matte protective coating, which is a fifth the thickness of the gloss wood coating. The carbon fiber trim is pretty straightforward. It's gloss carbon fiber, though Bentley says the the resin it uses highlights the weave of the carbon. The aluminum is also fairly straightforward, featuring a thee-dimensional texture mirroring the grille of the car. The diamond-brushing is meant to emphasize the dimension to the panels. Interestingly, this option is exclusive to the Bentayga. Choosing painted trim gives owners the most variety in choice, since they can opt for any of Bentley's 88 exterior colors, or have the panels matched to the interior leather. Related Video:
2021 Bentley Flying Spur V8 returns with less weight, equipment than W12
Wed, Oct 14 2020Following up on the launch of the W12 version, the 2021 Bentley Flying Spur is once again getting an "entry-level" variant with a V8. It's not as powerful as the W12, and a couple fancy features aren't included. But it's lighter, more fuel efficient, and we expect it will be cheaper. Like past V8 Spurs, this new model has a twin-turbocharged 4.0-liter V8. It's more powerful than its predecessors, though, making 542 horsepower and 568 pound-feet of torque. The previous-generation V8 S made 521 horsepower and 502 pound-feet of torque. The W12's 626 horsepower still towers over the V8, but the V8 boasts a weight savings of 220 pounds. Combined with cylinder deactivation, Bentley claims a 16% improvement in fuel economy, though doesn't give specific numbers. Applying that increase to the W12's combined fuel economy number, we'd expect around 17 mpg for the V8 versus 15 for the W12. There's one other key mechanical change to the Flying Spur V8, and that's the lack of standard electronic adjustable anti-roll bars and four-wheel steering. Both features are part of an option package now, whereas they're included on the W12. The adjustable anti-roll bars are automatically controlled to optimize ride quality while reducing body roll, and the steering allows the Flying Spur to more easily negotiate tight corners and spaces. Otherwise, the V8 Flying Spur is nearly identical to the W12 version, save for the standard 20-inch wheels and quad exhaust tips. It's available in either four- or five-seat configurations. First Edition and Blackline trims are available that include extra options and unique visual tweaks. And among some of the more opulent upgrades are the rear-seat refrigerator, illuminated Flying B hood ornament and rotating center stack display. Pricing for the Flying Spur V8 starts at $200,725 with destination, a healthy discount to the W12's nearly $215,000 price tag. It's also more affordable than the the Continental GT V8's price of around $204,000. The V8 Flying Spur will be available early next year. Related Video:
2021 Bentley Bentayga Speed adopts new look, still fastest SUV in the world
Wed, Aug 12 2020The updated 2021 Bentley Bentayga didn’t have to wait long to gain its Speed variant back. WeÂ’re less than a month removed from the standard 2021 BentaygaÂ’s big reveal, and the Speed has returned sporting all the same styling elements as its less powerful sibling. If you paid much attention to the Speed model when it was revealed in February last year, you already know most of the pertinent information on the new one. It has a 6.0-liter twin-turbocharged W12 under hood that produces 626 horsepower and 664 pound-feet of torque. ThatÂ’s good enough for a 3.9-second 0-62 mph sprint. Top speed hasnÂ’t changed from before at 190 mph, so it still slots in right next to the Lamborghini Urus as the fastest SUV in the world. Not as though efficiency will matter all that much, but the W12 does feature cylinder deactivation technology that can deactivate up to six cylinders. YouÂ’ll be able to tell the Speed apart from the standard Bentayga on the road if you look closely enough. It has unique bumpers in front and back, a dark grille, oval-shaped quad exhaust, elongated roof spoiler, body-color side skirts, unique 22-inch wheels, and of course, Speed badging. The seat backrests are also embroidered with “Speed” unless the customer prefers the Bentley logo. Contrast stitching and diamond quilting unique to the Speed is used to further differentiate the interior. Plus, Bentley adds “Speed” badging to the illuminated sill plates. Lastly, Bentayga Speed buyers will have the choice of optioning the “Black Specification.” This replaces any brightwork on the exterior with blacked-out or carbon fiber trim. For example, the front splitter, side sills and roof spoiler are finished in carbon fiber. Bentley then uses gloss black paint on the rear bumper diffuser, roof rails, exhaust tips and wheels. Pricing isnÂ’t out for the new Bentayga Speed yet, but itÂ’ll be available soon after the standard V8 Bentayga begins arriving at Bentley retailers. Related video:
2021 Bentley Bentayga V8 First Drive | Not messing with success
Tue, Aug 11 2020The 2021 Bentley Bentayga V8 marks the first refresh for Bentley’s first and rather successful SUV. The company has sold more than 20,000 of them worldwide since its introduction just a few years ago. As such, Bentley didnÂ’t need to do much to keep it updated, nor did it. The refresh boils down to exterior and interior updates, and after spending some time with the updated Bentayga, it continues to be a brilliantly luxurious machine with impressive capability. The most obvious and significant changes are to the exterior styling, which has hardly been the Bentayga's strong point. There are new round headlights with a cut crystal design like on other recent Bentleys. The grille has been enlarged, and the front bumper has a sportier design with an integrated spoiler. On the side, the fender vent has been lengthened and mounted higher, while the rear now has slim oval taillights and oval exhaust outlets. Those taillights have the same kind of cut crystal design as the headlights. The changes are subtle but effective at sprucing up the Bentayga, but they also donÂ’t make existing Bentaygas look out of date. ItÂ’s a similar situation inside. The biggest changes are in the center of the dashboard. The upper air vents are thin and horizontal instead of circles, and they've been relocated with the dash clock to sit mostly on top of the dash instead of nestled into it. Below them is a larger, 10.9-inch infotainment system that spans the whole width of the center stack and looks better integrated than the old version. The back seats can be configured to have nearly 4 inches more legroom, and thereÂ’s a larger touchscreen remote and available rear air vents for the bench seat configuration. Beyond that, the interior is mostly the same, which is hardly a complaint. This is a Bentley, after all. Essentially every surface is wrapped in soft leather, adorned with rich wood trim or made of weighty knurled metal. And customers have access to a vast variety of colors and combinations to create a genuinely custom cabin. There are a few low-ish points. The infotainment system isnÂ’t the most responsive, and it can be a little tricky to find the menu you want. Also, and this is a bit of a car journalist nitpick, you can spot some bits pilfered from the Audi parts bin: the turn signal and washer stalks, the headlight knob, and the underlying menus and layout of the instrument panel.
2021 Bentley Bentayga Speed previewed in official photos ahead of debut
Fri, Aug 7 2020The Bentley Bentayga Speed is about to be revealed (again), but this time it’ll be sporting all the upgrades applied to the 2021 model year Bentayga. Bentley provided us with a few official preview images of the SUV in camouflage ahead of its unveiling next Tuesday evening. You can check the three photos out in the gallery above. Differences between the upcoming Speed and regular Bentayga are plenty noticeable if you direct your attention to the rear of the vehicle. ItÂ’s sporting an aggressive, winged spoiler atop the roof that produces more downforce than the standard BentaygaÂ’s spoiler. Additionally, this model gets a unique quad-tipped exhaust design and rear diffuser. The front bumper is subtly changed to be a bit more pointy and threatening, but you need to look closer to see the differences here. The biggest change of all will be under the hood. This Bentayga will be rocking the uprated W12 engine that makes 626 horsepower and 664 pound-feet of torque. Since it was just released a little over a year ago, we donÂ’t expect the powertrain to be going through any major revisions. ItÂ’ll likely retain its crown as the “worldÂ’s fastest SUV” with a 190-mph top speed. ItÂ’s 0.5 mph faster than a Lamborghini Urus, so we considered them even. Maybe Bentley has gained something aero-wise with the revisions — weÂ’ll have to wait for the reveal to know. The 0-60 mph time of 3.9 seconds will likely remain unchanged, though. Expect all of the extra niceties announced for the standard Bentayga V8 to be making their way to the Speed, too. You can read our in-depth reveal post for all the details there. Watch out for the revised Speed to make its debut next week. Related video:
Bentley will now sell you a model Continental GT for over $9,000
Fri, Aug 7 2020Bentley just announced a 1:8 scale Continental GT model car that costs GBP6,995. That’s $9,123 for a toy. But really, is the cost all that bad? A 1:1 scale Bentley Continental GT V8 (you know, the real thing) has a base price of about $220,000. One-eighth of that is a whopping $27,500. Bentley is surely leaving some money on the table here. OK, sure, you could buy a couple of old Miatas for the same price as this model car. But thatÂ’s not the gift that the one percenters want to give to their children at Christmas. No, an exact replica of the Bentley Continental GT in the garage is a much more applicable gift in that situation. Bentley will reproduce your Bentley or make anything else you can imagine with these 1:8 scale models, too. Customers will need to commission their own car, just like theyÂ’re buying a full-size Bentley. You choose the colors of the paint, exterior trim, seats, interior stitching, trim veneers, wheels, leather and a number of other materials going into the car. Every last option is matched to an option available on the actual car, so there will be zero differences between the model and full scale car. The Bentley Design Studio oversees the creation of every car to ensure complete accuracy. Over 1,000 pieces are put together by hand to build it. Bentley says each car takes about 300 hours to complete. (Rolls-Royce offers a similar model of the Cullinan that takes 450 hours to build.) Each Bentley will sit on a “majestic varnished plinth.” The car itself measures 30.7 inches in length, 15.7 inches in width and 9.6 inches in height. Smaller, pre-made models are available for far less cash, too. You can pick up a 1:43 model for $110 and a 1:64 model goes for just $15. If uh, you want the $9,123 model, the link to place an order is right here. Bentley recommends using the actual Continental GT configurator to personalize the model. Regardless of price, that is extremely cool. Related Video:
The 2020 Bentley Flying Spur has 3-D wood now, and it looks spectacular
Thu, Jul 23 2020This is the coolest wood you’re going to see today. We promise. Bentley is now manufacturing something it calls “Three-Dimensional Wood.” And yes, all wood we come into contact with is 3-D, but this stuff pops out at you like people and items do in a 3-D movie. YouÂ’ll find it in the rear door inserts of the Bentley Flying Spur, assuming the owner checked the box. One look at the photos will have you going, “how the Â… ?” Yes, itÂ’s pretty wild to see, and we can imagine the effect it has in person is even stronger. Bentley did explain how it made wood look like the diamond-quilted leather it uses in its seats, though. As one would expect from Bentley, itÂ’s a hell of a process. Each rear door and quarter panel is crafted out of a single block of wood. Bentley uses either American Walnut or American Cherry timber. They start by machining the back of the log to match a die-cast aluminum door panel template. ItÂ’s bonded to the template, and then the difficult work begins. Skilled craftspeople carve the wood to its three-dimensional surface with a multi-axis routing machine to a tolerance of 0.1 mm. They then hand finish the cuts to achieve perfect results. Finally, a lacquer is applied to attain the color and texture that Bentley desires. Left: EXP 10 Speed 6 Concept; Right: Production Flying Spur pattern This design of wood was first seen in a Bentley concept from 2015. It was called the Bentley EXP 10 Speed 6 (shown above, left). After the positive reaction to that design, Bentley says it felt a production adaptation was in order. “Three-Dimensional Wood is the next interior design element weÂ’ve taken from concept car idea to production reality,” Brett Boydell, Head of Interior Design for the Flying Spur said. “It works in perfect harmony with the three-dimensional leather quilting across the cabin of the Flying Spur and creates an even more special environment for those being driven.” If you were to count the number of carved diamonds in the wood, youÂ’d come to a total of 150 in the Flying Spur. As of now, the big sedan is the only Bentley this option is available in. We wouldnÂ’t be surprised if it expanded to others in the future. In addition to that, this is a design that could be translated into lesser luxury cars using cheaper processes and 3-D printing. Bring on the 3-D wood. Related Video:  Â
Bentley Bentayga gets its first big update with new design and improved tech
Tue, Jun 30 2020The 2021 Bentley Bentayga is subject to the model’s first significant refresh since the ultra-luxe SUV was introduced for the 2016 model year. In the meantime, Bentley has rolled through a few variants, but now weÂ’re getting design changes, tech enhancements and new equipment. For starters, the V8 is now the standard car (and will be the only one available initially), with the W12 engine reserved for an upcoming Bentayga Speed coming in 2021 — a model the brand expects to continue to be in high demand in America. Bentley also says there will be an updated plug-in hybrid model to follow later this year, but it wonÂ’t be available right away like the V8 is. The 4.0-liter twin-turbo V8 will make the same power as before, sitting at 542 horsepower and 568 pound-feet of torque — thatÂ’s good for a 0-60 mph time of 4.4 seconds. This BentaygaÂ’s most significant mechanical change underneath is a 0.78-inch wider rear track. Bentley claims this reduces steering effort and improves response linearity. Some of the bigger changes come in the design. Bentley says the adjustments are inspired by the new Continental GT and Flying Spur, as every panel in the front and rear have been redone. It gets a larger “matrix” grille, new headlights featuring BentleyÂ’s “cut crystal glassware” design (trust us, itÂ’s very cool), and a more aggressive front bumper with even more venting. Its hood has also been lifted up by 30 mm to make the whole front end appear more imposing. The sides of the SUV get new molding and a new V8 badge, while the back has gone through even more significant changes. ThereÂ’s a new tailgate design that stretches the full width of the rear and also encapsulates the new and bejeweled oval rear taillights. The design change has seriously widened the look from the rear and makes a huge difference to the Bentayga's style. The license plate has been moved down, and the wider rear track gives the Bentayga a more appealing stance. Larger, oval-shaped tailpipes mimic the new taillight design, and Bentley has added a longer roof spoiler to make the car look even more elegant and sporty. A new 22-inch wheel design (available in two finishes) joins the cavalry, as do two new paint colors: Viridian (dark green) and Patina (mid-tone off-white). Of course, the interior is arguably the most important part of a Bentley. The center stack gets a new look; Bentley has provided a new steering wheel, new door trims and completely new seats.