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VW Group shareholders demand Bentley return to profit

The Volkswagen Group's main shareholders are giving British ultraluxury division Bentley an ultimatum to turn around its finances and start earning a profit. The Piech and Porsche families did not say what would happen if the brand fails to return to the black, but they said it should happen within two years. "The important thing is for every (VW Group) brand to generate a reasonable contribution again," Wolfgang Porsche told the subscription-only Frankfurter Allgemeine Zeitung, as relayed by Automotive News. "That is not currently the case at Bentley, and we are not satisfied." Volkswagen Group has not yet issued its report for full-year 2018, but Bentley had lost the equivalent of $157 million through the first nine months on an 11 percent decline in sales. In 2017, Bentley sold 10,566 vehicles globally, with revenue down 9.2 percent from 2016. VW Group apparently cites the slow rollout of the Continental GT and the British pound's lower value amid Brexit talks, which makes the many parts it sources from continental Europe more expensive, as among the reasons. A German study last summer claimed that Bentley lost a little more than $19,000 on each car. Adrian Hallmark started as CEO in February 2018 after heading global brand strategy for Jaguar. Bentley in 2018 released the all-new 2019 Continental GT after a nine-month delay, and it revealed the GTC convertible version in Los Angeles. Hallmark has said 2019 "is a conversion year to a better business model" after a year plagued by problems that also included European WLTP certification. He announced last year the luxury brand would no longer build new sports cars, though the brand says it's still committed to the idea of the two-door GT. Bentley has also said it wants electrified versions of all its models by 2025, which will be an expensive proposition and will likely including plug-in hybrid versions of current models.

Weekly Recap: Takeaways from the Frankfurt Motor Show

We obsessively covered the 2015 Frankfurt Motor Show, and naturally, we selected our favorites from this fall's biggest automotive event. Now that the dust has settled, we're looking ahead to what it all means. Here are three takeaways from the floor in Frankfurt. The Germans are serious about electric vehicles: It's a bit cliche to say BMW, Mercedes, and Audi have downplayed electrics in favor of other technologies, like diesels. For a time that may have been true, but those three companies, along with Porsche and Volkswagen, are emerging as leaders in EV development. That was on display in Frankfurt, when all of them revealed either all-electric or plug-in hybrid models. Gas prices are relatively low in the United States, but clearly the Germans are thinking long-term and globally. Everyone is serious about SUVs: You gotta have one, even if you're Bentley or Jaguar. It's 2015 and it's what consumers want. As Jaguar design director Ian Callum put it, "Not to be in the sector would be a little naive for the sake of purity." It's not just the flashy exotic luxury makers. Nissan showed the Gripz concept, which is rakish, radical, and meant to blend traits of SUVs and sports cars into a vehicle that really crosses over. Look for more, especially in the luxury sector, as Rolls-Royce, Lamborghini, and Aston Martin ramp up their own SUV efforts. There's no ceiling to the luxury market: Speaking of high-end cars, companies are continuing to invest in extravagant wares beyond just SUVs. Even during the recession, ultra-luxury makers remained relevant, and now they're back at full stride. In Frankfurt, that was illustrated by yet another S-Class model, the cabriolet, which will come in S550 and S63 AMG variants in the United States. Ferrari also showed off the 488 Spider, and Lamborghini opened up the Huracan LP 610-4 Spyder. Meanwhile, Bugatti's Vision Grand Turismo concept reminded enthusiasts that it's plotting life after the Veyron. European auto shows always draw the glitziest reveals from luxury makers, and this year didn't disappoint. OTHER NEWS & NOTES 2016 Honda Civic redesigned with snazzier style, turbo power The 10th-generation of the Honda Civic debuted this week at events in Los Angeles and Detroit ahead of its launch in the United States this fall as a 2016 model. Honda fortified the Civic with LED lights, an available turbo engine, and a more tech-laden cabin.

Bentley unveils Continental GT ice racer

Bentley has unveiled a new special edition of its Continental GT coupe with photos taken high in the Austrian Alps. On Monday, we were shown teasers of a Conti GT swathed in an eye-popping blue done up to look like an all-wheel-drive backcountry snow eater, and now all has been revealed. This particular Continental GT will be running in livery that pays homage to its fraternal twin, which won the Pikes Peak International Hill Climb in 2019 and shares the same factory-built, twin-turbocharged W12. The 6.0-liter engine offers 626 horsepower and 664 pound-feet of torque. Bentley says it'll do 0-60 mph in 3.6 seconds on the way to a top speed of 207 mph. Bentley says the the car’s three chamber air springs, 48V active anti-roll control system and iron brakes are entrusted with the cool running of the Continental GT on the purpose-built ice track — their pun, not ours.  Going further, a number of clues points toward an off-road-ish variant of the Continental GT. ThereÂ’s the more rugged-looking treatment of the lower front fascia, where the fog lights are now encased in black trim that also lines the wheel arches, and Pirelli tire logos are displayed prominently at each front quarter. ThereÂ’s also a ski rack on the roof, which may also feature front-illuminating LED lamps, and the coupe looks to have been lifted ever so slightly. Junior World Rally Championship driver Catie Munnings will take to the wheel of the Bentley Continental GT at the 2020 GP Ice Race in Zell am See. The FIA European Rally Championship Ladies Trophy winner will be the first woman to race a Bentley in the modern era, the automaker said.  Bentley teased the new racer Monday on twitter: Spotted today in Kitzbuhel, Austria...anyone want to guess what this is? WeÂ’ll reveal all on Tuesday...#Bentley #ContinentalGT pic.twitter.com/u3ltMdw4LI — Bentley Motors Comms (@BentleyComms) January 25, 2020 This is the latest fruit of BentleyÂ’s collaboration with Italian ski-maker Bomber Ski, with whom Bentley recently partnered to offer limited-edition co-branded $2,750 skis and a ski-and-drive experience in March in Telluride, Colorado and Park City, Utah, starting at a cool $17,950. Bomber Ski counts former U.S. skiing phenom and Olympic gold medalist Bode Miller as one of its principals. WeÂ’ve seen the No. 9 on a Bentley before, with the limited-edition Number 9 Edition by Mulliner unveiled last March as part of BentleyÂ’s centennial celebration. The number nods to the No.