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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.

A car writer's year in new vehicles [w/video]

Christmas is only a week away. The New Year is just around the corner. As 2014 draws to a close, I'm not the only one taking stock of the year that's we're almost shut of. Depending on who you are or what you do, the end of the year can bring to mind tax bills, school semesters or scheduling dental appointments. For me, for the last eight or nine years, at least a small part of this transitory time is occupied with recalling the cars I've driven over the preceding 12 months. Since I started writing about and reviewing cars in 2006, I've done an uneven job of tracking every vehicle I've been in, each year. Last year I made a resolution to be better about it, and the result is a spreadsheet with model names, dates, notes and some basic facts and figures. Armed with this basic data and a yen for year-end stories, I figured it would be interesting to parse the figures and quantify my year in cars in a way I'd never done before. The results are, well, they're a little bizarre, honestly. And I think they'll affect how I approach this gig in 2015. {C} My tally for the year is 68 cars, as of this writing. Before the calendar flips to 2015 it'll be as high as 73. Let me give you a tiny bit of background about how automotive journalists typically get cars to test. There are basically two pools of vehicles I drive on a regular basis: media fleet vehicles and those available on "first drive" programs. The latter group is pretty self-explanatory. Journalists are gathered in one location (sometimes local, sometimes far-flung) with a new model(s), there's usually a day of driving, then we report back to you with our impressions. Media fleet vehicles are different. These are distributed to publications and individual journalists far and wide, and the test period goes from a few days to a week or more. Whereas first drives almost always result in a piece of review content, fleet loans only sometimes do. Other times they serve to give context about brands, segments, technology and the like, to editors and writers. So, adding up the loans I've had out of the press fleet and things I've driven at events, my tally for the year is 68 cars, as of this writing. Before the calendar flips to 2015, it'll be as high as 73. At one of the buff books like Car and Driver or Motor Trend, reviewers might rotate through five cars a week, or more. I know that number sounds high, but as best I can tell, it's pretty average for the full-time professionals in this business.

2015 Bentley Mulsanne Speed Video Review

"It feels like a million bucks and it's only $400,000." I completely agree with this statement from editor-in-chief Mike Austin, that you'll hear in the video above. I spent a weekend with the 2015 Bentley Mulsanne Speed and can honestly say that taken as a whole, every single part of this sedan works together to make it feel like the absolute fanciest car in the world. The big story with this Mulsanne is the Speed part of its name. Bentley's 6.75-liter, twin-turbocharged V8 is massaged to produce 530 horsepower and an absolutely astonishing 811 pound-feet of torque. Still, this is a nearly 6,000-pound car, so even with all that power, the Mulsanne Speed isn't a rocketship. A sub-five-second run to 60 miles per hour is, of course, nothing to scoff at – especially in a car that's built like a bank vault. But that quickness is masked by the stately, luxurious, wafty nature of the Mulsanne. This is a Gentleman's Car, after all. Despite its overwhelming luxury, the Mulsanne isn't the most modern car around. A lot of the switchgear screams last-generation Volkswagen to us, and in contrast to the 2016 Mercedes-Maybach S600, a lot of the Bentley's interior feels a little behind the times. No matter, it's still a rolling embodiment of class, refinement, and upper-crust exclusivity, and it'll turn heads in a way that the long-wheelbase Mercedes simply cannot. Don't just take my word for it, though. Let editor-in-chief Mike Austin tell you all about the super-luxurious, super-fast Mulsanne in the video, above. Bentley New Car Reviews Luxury Performance Videos Original Video Sedan bentley mulsanne bentley mulsanne speed Autoblog accepts vehicle loans from auto manufacturers with a tank of gas and sometimes insurance for the purpose of evaluation and editorial content. Like most of the auto news industry, we also sometimes accept travel, lodging and event access for vehicle drive and news coverage opportunities. Our opinions and criticism remain our own — we do not accept sponsored editorial.