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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

Watch a Bentley Continental GT Speed hoon around an abandoned Sicilian air base

If your morning caffeine dose isn't quite getting the job done, watching a 12-cylinder Bentley Continental GT Speed drift around the former NATO Comiso Air Station in Sicily may just do the trick. While "Continental Drift" may have nothing to do with plate tectonics in this context, it's highly appropriate that the GT Speed is powered by a W12 producing enough torque to shape the Earth's crust from above. Too bad Land Rover has dibs on "Pangea Green" as a paint finish. Per Bentley, the short was filmed during the recent Global Media Drive for the GT Speed. Bentley converted the abandoned NATO base into a gymkhana-style track. "Abandoned almost 30 years ago and having been slowly reclaimed by nature since, Comiso proved to be the ideal place to create a safe yet challenging environment to demonstrate the performance credentials of the GT Speed," Bentley said in the accompanying announcement.  Comiso is no stranger to ground-based missiles, but the Continental GT Speed is an entirely different breed. Its 6.0-liter twin-turbo W12 makes 650 horsepower (up 24 over the standard W12) and 664 pound-feet of torque, dropping the GT Speed's 0-60 mph time to 3.5 seconds on the way to a top speed of 208 mph. 

Is Bentley testing a hardcore Continental GT V8?

The Bentley Continental GT V8 is a darn good car. The GT V8 S, even more so. It's only logical, then that an even hotter Conti GT would be commensurately better. At least, we're hoping that's what the minds at Bentley's Crewe, UK headquarters were thinking when they dispatched this bewinged GT V8 to the Nürburgring.
This Conti GT stands out not only because of its wing, but because of its improved aerodynamics as a whole. A new front fascia, complete with a body-color lip spoiler is the big visual takeaway of this car's sportier intensions, while our spies claim this white whale rides on a lowered, firmer suspension.
The real question about this car has to do with its powerplant, though. What's under hood? The GT V8 S returns an impressive 521 horsepower while the base Conti W12 churns out 567 ponies, meaning there isn't a lot of wiggle room between what is currently the priciest V8 model and the cheapest twelve-cylinder car. The 4.0-liter, twin-turbocharged V8, though, is certainly capable of handling more than 521 hp, as Audi uses a 560-hp variant in the RS7. Our spies, meanwhile, suggest that this may merely be an even lighter version of the GT V8 S - maybe like an RS model - that is lighter and stiffer, but no more powerful.