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Coronavirus prompts VW to stop production throughout Europe

FRANKFURT — Volkswagen Group, the world's biggest carmaker, is suspending production at factories across Europe as the coronavirus pandemic hits sales and disrupts supply chains, the company said on Tuesday. The German carmaker, which owns the Audi, Bentley, Bugatti, Ducati, Lamborghini, Porsche, Seat and Skoda brands, also said that uncertainty about the fallout from coronavirus meant it was impossible to give forecasts for its performance this year. "Given the present significant deterioration in the sales situation and the heightened uncertainty regarding parts supplies to our plants, production is to be suspended in the near future at factories operated by group brands," Chief Executive Herbert Diess said on Tuesday. Volkswagen's powerful works council concluded it was not possible for workers to maintain a safe distance from each other to prevent contagion and recommended a suspension of production at its factories from Friday. Production will be halted at VW's Spanish plants, in Setubal in Portugal, Bratislava in Slovakia and at the Lamborghini and Ducati plants in Italy before the end of this week, Diess said. Most of its other German and European factories will prepare to suspend production, probably for two to three weeks, while Audi said separately it would halt output at its plants in Belgium, Germany, Hungary and Mexico. Volkswagen's vast factories in Chattanooga, Tennessee, in Puebla, Mexico, and plants in Brazil were not affected, but that would depend on how the coronavirus spreads, VW said. Volkswagen has 124 production sites worldwide of which 72 are in Europe, with 28 in Germany alone. "2020 will be a very difficult year. The coronavirus pandemic presents us with unknown operational and financial challenges. At the same time, there are concerns about sustained economic impacts," Diess said.   Production in China resumes Volkswagen Group sold 10.96 million vehicles last year, putting it ahead of Toyota based on the latest figures from the Japanese carmaker. Globally, VW employs 671,000 people and it delivered 4.86 million vehicles to European customers in 2019. Only last month the car and truck maker based in Wolfsburg, Germany, predicted that vehicle deliveries this year would match 2019 sales and forecast an operating return on sales in the range of 6.5% to 7.5%. "The spread of coronavirus is currently impacting the global economy. It is uncertain how severely or for how long this will also affect the Volkswagen Group.

Meet the all-new, third-generation Bentley Flying Spur

The all-new, third-generation Bentley Flying Spur rolls into our lives behind a retracting, illuminated Flying B hood ornament. The grand tourer sedan sibling to the Continental GT also brings a new platform with a longer wheelbase, a new design, more technology, and fluted leather and wood finery. About the only thing that doesn't change is horsepower, with the 6.0-liter W12 putting out the same 626 horsepower as the top-level Flying Spur W 12 S trim of the second-generation sedan. Torque, however, makes a substantial jump from 605 to 664 pound-feet. The same MSB architecture that serves the Continental GT and the Porsche Panamera has been called up for duty. A wheelbase stretched by 5.1 inches over the previous Flying Spur delivers handling benefits and attends especially to the comfort of rear-seat passengers. Superformed aluminum panels create sharper, smoother lines everywhere, starting with the sedan's face. A much wider grille re-establishes proportions up front, as well as a corporate look that goes its own way from the Continental. Vertical vanes in the grille channel the 1957 Bentley S1 Continental Flying Spur, and sit just ahead of a gloss black matrix mesh. The lower grille comes in gloss black matrix as well, but can be specced in bright chrome. The LED matrix headlamps have been fitted with chrome sleeves in order to glimmer even when the lights are off. A prominent crease emphasizes the shoulders and haunches. Beneath that, the front fender vents adopt a larger and more obvious "B" shape, the lower doors accented by a chrome strip running between the wheel arches. Those arches will be filled with either the standard 21-inch wheels, or two new 22-inch wheels on sedans optioned with Mulliner Specification. In back, wrap-around taillights take on the illuminated "B" graphic, and the license plate holder moves to the lower bumper, leaving only the Bentley wings and the word "Bentley" to adorn the decklid. The interior overhaul befits Bentley's move into its second century. A high-definition digital instrument binnacle sits behind the new steering wheel. A 12.3-inch screen on the instrument panel handles infotainment needs and performs several tricks, one of which is a proximity sensor that primes the system for commands as a hand draws near. Another trick is that the screen is set into a three-sided, rotating shape. A press of a button flips the screen to reveal a panel with three analogue gauges - temperature, compass and chronometer.

Audi CEO says brand's EVs are almost as profitable as its other cars

After, oh, a hundred years or so of building vehicles primarily powered by internal combustion engines, automakers around the world have been and still are pumping billions of dollars into the development of electric vehicle technology. Everything from platforms and batteries to motors and the software to control it all requires untold hours of development, and that takes time and money. Fortunately, it's not going to take long for that massive investment to start paying off, at least according to Audi CEO Markus Duesmann, who told Reuters in an interview that "The point where we earn as much money with electric cars as with combustion engine cars is now, or ... next year, 2023. They are very even now, the prices." As a brand, Audi contributed more than a quarter of overall profit for the massive Volkswagen Group, which has such powerhouse brands as Volkswagen and Porsche among others. Under the Audi umbrella are Lamborghini, Bentley and Ducati, and it seems those high-end branches aren't going anywhere, at least for now. "These brands ... are very valuable very profitable brands, where we can even expand the synergy level in the future," Duesmann said in the interview. "There are no plans whatsoever to get rid of them." Despite the overall profitability of the brand, the ongoing global chip crisis is causing headaches. "We had a very strong first half in 2021. We do expect a much weaker second half," said Duesmann, who added, "We really have trouble." In fact, so serious is the trouble that the brand is forced into "a day-to-day troubleshooting process" to limit the chip-shortage damage. The good news for the automaker is that Audi has been able to boost its profit margin from 8% prior to the pandemic in 2019 to 10.7% in the first half of 2021. The bad news is that various chip shortages aren't expected to get a whole lot better over the rest of the year. Related video: