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

Auto blog

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.

Volkswagen posts quarterly profit despite drop in sales

Volkswagen 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

Bugatti files for Rembrandt patent

Though increasingly uncommon today, back in the day every automaker had a hood ornament. Bugatti's was an elephant standing up on its hind legs with its trunk extended into the sky. It capped the nose on the famous Bugatti Type 41 Royale, and it was designed by Rembrandt.
No, not the famous Dutch artist, but Rembrandt Bugatti - the younger brother of carmaker Ettore Bugatti who was named after the painter.
So why do we mention this, you ask? Because one of our readers just alerted us to a patent application with the European Union's Office for Hamonization in the Internal Market. It was filed by Audi's intellectual property office on behalf of its sister company and encompasses the name Rembrandt Bugatti.