2013 Continental Gt V8 Moonbeam Silver Over Newmarket Tan As-new on 2040-cars

Auto blog

Bentley will build 1929 Team Blower continuation series of 12 cars

Bentley considers Sir Tim Birkin’s supercharged 4 1/2 -liter Team Blower race car to be the company's "most revered heritage car" ever. So revered, in fact, that Bentley wants to make the car again, 12 times over. With the help of some reverse engineering by Mulliner, Bentley has announced its intentions for an extremely special continuation series limited to only a dozen examples built nearly identical to the original.  Through various methods, Bentley has been celebrating its heritage all throughout 2019, the centenary of the brand's founding. Just in the summer months, Bentley released the third-gen Flying Spur, unveiled the EXP 100 GT autonomous electric concept, built a Continental GT convertible that honors the 1929 Blower Number 1, won Best of Show at the Pebble Beach Concours, and re-created 1939 Corniche sedan with the help of Mulliner. That last achievement is particularly relevant, as Mulliner typically crafts bespoke new cars, as opposed to building old ones. After successfully bringing the Corniche into the 21st century, however, Bentley is confident Mulliner can take on the complex task of rebuilding the legendary Team Blower.  Bentley claims this will be the world's first continuation of a pre-war race car, and the original production run didn't even make it to double digits. Only four Team Blowers were built for Birkin and the boys to race, which they did at Le Mans and all over Europe. Bentley is building 12 re-creations because that's how many races the original cars competed in. In order to take this project on, Bentley will disassemble Team Blower chassis No. HB 3404 down to its nuts and bolts. The parts will all be cataloged and 3D scanning of each individual piece will create the foundation for the new cars. Bentley will then combine use of the original 1920s molds and tooling jigs with modern manufacturing methods to create 12 identical sets of parts. The new cars will be as close to identical to the original car as possible, but current safety regulations will force Bentley to make a few changes and alterations. Under the hood, the Continuation Series cars will have 16-valve four-cylinder engines with aluminum crankcases, cast-iron cylinder liners, and non-detachable cast-iron cylinder heads. With the help of Amherst Villiers Mk IV roots-type supercharger replicas, the 4,398 cc engines will be rated at 240 bhp at 4,200 rpm.

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

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.