2011 Bugatti Veyron 16.4 8.0l "bleu Nuit" Grand Sport 315 Miles, One Owner on 2040-cars

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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.

Bugatti considering electric four-seater as second model

Bugatti's long-rumored additional model could run on electricity rather than gasoline, according to a recent report. The company is tentatively planning a downward expansion without diluting its image. Downward is a relative term when spoken in the same sentence as Bugatti. The company isn't interested in chasing volume with an alternative to the Volkswagen GTI. Instead, Bloomberg wrote it's envisioning an electric four-seater priced between 500,000 and one million euros, sums that represent about $555,000 and $1.1 million, respectively. Bugatti CEO Stephan Winkelmann told the publication that convincing parent company Volkswagen to fund the model requires a "hard fight," however. "The industry is changing fundamentally, and we have to address what opportunities there are to develop Bugatti as a brand going forward," he explained. Releasing a second, cheaper model would mark a dramatic shift for the prestigious automaker, which has stuck to a one-core-model strategy since its renaissance in 1998. The EV could bump its annual output from about 100 to 600 cars. Winkelmann was the driving force behind the Urus when he ran Lamborghini, which has led to speculation that Bugatti's second model will be an SUV. Speaking to Autoblog, a spokesperson for the company again doused cold water on the rumors. "It would not be an SUV," we learned. The representative stressed nothing has been decided yet, so it's still too early to tell precisely when the second model would enter production if it receives the proverbial green light for production. Less than 100 Chiron build slots remain available, but the French company has its work cut out for the coming years. It will deliver the first of 40 planned examples of the Divo in 2020, send the one-off La Voiture Noire to its mysterious new home in 2021, and build the first of 10 Centodiecis (pictured) in 2022. Additional Chiron variants (like the record-breaking 300+) aren't out of the question, either. The idea of an electric Bugatti isn't without precedence. In 1931, company founder Ettore Bugatti built a battery-powered runabout named Type 56 to drive on his property. It was never meant to be a production car, but requests from wealthy clients (including Belgian king Leopold III, who wanted one for his wife Astrid) convinced Bugatti to make 10 examples between 1931 and 1936. Four remain in 2019, including one in original condition that Autoblog got the opportunity to drive in 2018.

Bugatti announces V16-electric hybrid drivetrain for Chiron successor

Bugatti sent off the quad-turbocharged W16 engine that has powered all of its 21st-century models with a limited-edition, 1,600-horsepower roadster named Mistral. Rumors about what could power its future cars ran rampant; the brand confirmed a hybrid system for the Chiron's successor, and some sources detailed a downsized engine. Ending years of speculation, Bugatti has announced a new 16-cylinder engine. The difference is in the prefix: the Veyron, the Chiron, and few-off models like the Divo all used a W16 engine, with cylinders arranged — as the name implies — in a W configuration. The new unit will have a V configuration. Put another way, think of the W16 as a pair of narrow-angle V8s and of the V16 as a pair of straight-eights. Bugatti isn't the first company to build a V16 engine, Cadillac famously used one in the 1930s and BMW experimented with one in the 1990s, but there's not a single V16-powered new car currently on the market.  Bugatti stopped short of revealing technical specifications, so we'll need to be patient to learn details such as the engine's displacement and power output. However, the French brand reiterated what we already knew: the V16 will be part of a hybrid powertrain. Here again details are vague, but Autoblog learned that the Chiron's yet-unnamed successor will use a plug-in hybrid system. Rimac, which owns Bugatti, has previously described the drivetrain as "heavily electrified." This suggests (though nothing is official) that the model will be capable of running on electricity alone for relatively short distances. It looks like carbon fiber will play a significant role in offsetting the hybrid system's weight. Achim Anscheidt, Bugatti's former design director, told Autoblog in 2022 that the Chiron's successor will "certainly be tailored to one or the other aspect of a hybrid" in terms of design. The model will be built around a new monocoque, which gives the design team now headed by Frank Heyl the freedom to dial in new proportions. Don't expect a radical change, however: the car will still be recognizable as a Bugatti. Bugatti will unveil the Chiron's successor in June 2024, and we expect to learn more about the model in the coming months. Related video: