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If VW defaults on loans it may sell Bentley or Lamborghini

If something goes catastrophically wrong with Volkswagen Group's recent $21 billion loan, brands like Bentley or Lamborghini could hit the auction block. According to two insiders to Reuters, the beleaguered German automaker agrees with its creditors to sell assets if the company somehow can't pay back the debt in a year. One of these anonymous people claimed the company hasn't yet deliberated over what to sell. However, the sources were willing to speculate that the power engineering portion of Man could be among the first to go. "Volkswagen may also consider divesting luxury car brands Bentley and Lamborghini or motor bike brand Ducati, although these units don't really move the needle," an insider said to Reuters. VW Group negotiated with the banks earlier this week to get the massive loan. The cash is necessary as a buffer in case the automaker doesn't have enough money on hand to repair vehicles or settle upcoming fines. VW would reportedly issue bonds in the spring to begin paying the debt. The company's bills will start racking up quickly in the new year. German authorities mandate a recall there in early 2016, and repair campaigns in the US for the 2.0- and 3.0-liter diesel engines are inevitable. There are also hundreds of class-action lawsuits to settle. The company needs to resolve its CO2 emissions scandal in Europe, too. In response to these financial threats, VW management created a cost-cutting plan to slash the research and development budget by $1.1 billion next year.

Bentley Bentayga bodies to be built in Bratislava

Volkswagen's plant in Bratislava, Slovakia, has come a long way. After getting its start in 1971 by subcontracting the production of Skoda-branded vehicles, the plant was purchased by VW in 1991, where it was quickly put to further good use as it began producing Volkswagen Passat models for export. More recently, Bratislava has become a bastion for SUVs, assembling the Audi Q7 and Porsche Cayenne, in addition to the VW Touareg. Color us unsurprised, then, to learn that the Bentley Bentayga, which will be built atop the same large SUV platform as its cousins from Audi, Porsche and VW, will also be used for at least part of the production of Bentley's first SUV. Surely, though, one of the hallmarks of the Bentley brand is that its cars are handmade in England. Won't the Bentley-buying populace feel slighted by production in Slovakia? Not to worry. As is the case with the Porsche Cayenne, all that will be produced in Slovakia is the Bentayga's body. According to a report from Automotive News, bodies for the Bentayga will be shipped from Bratislava to Crewe, England, where they will be finished into fully operational vehicles. In order to accommodate the additional work, VW will reportedly invest 500 million euros into the plant in Slovakia and hire hundreds of workers.

Bentley Mulsanne convertible expected to be greenlit this year

That was quick - it was only was only three weeks ago that the Bentley Mulsanne Vision concept, a droptop take on the brand's flagship sedan, was sketched out for the Pebble Beach crowd. Now Autocar reports that a production version is expected to be approved later this year, with a launch something like two years away. And even though it hasn't been officially given the go-ahead, it has a price: "at least £275,000" ($436,232 U.S.). That price would make for a £50,000 premium ($79,313 U.S.) - at least - over the current UK price of the Mulsanne sedan.
Just as the Continental GTC differs from its coupe sibling, Autocar says the Mulsanne cabrio would be unique from the A-pillars back as compared to the sedan. Shortened by roughly six inches in both length and wheelbase, frameless doors and a lowered windshield will contribute additional rakishness, and note the rear fender treatment meant to evoke the fifties-era Bentley R Type in the upper right corner of the sketch above. At launch it is predicted that power will come from the twin-turbo 6.75-liter V8, but Autocar predicts that V12 power being developed for the production version of the EXP 9 F SUV will eventually find its way up front.