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New 2020 Bentley Bentayga Speed tops out at 190 mph

To the surprise of no one, Bentley is applying the Speed treatment to its SUV offering, the Bentayga, which has become the brand's bestseller. Ever since it first appeared on the 2007 Continental GT, Bentley's Speed variants have denoted higher performance, and the 2020 Bentley Bentayga Speed becomes the top-performing Bentley SUV. It wrings an additional 26 horsepower out of the W12 engine, for a new total of 626 hp.The torque figure of 664 pound-feet (at 1,350 rpm) is unchanged. Those extra ponies are enough to help the new model live up to its billing, with a stated top speed of 190 mph, against 187 mph for the standard W12. With that figure, Bentley claims the mantle of fastest SUV, although Volkswagen Group corporate cousin Lamborghini might have something to say about that, since it claims the same 190-mph V-max for the new Lamborghini Urus. Bentley's factory 0-to-62-mph time is 3.9 seconds, down from 4.1 for the standard Bentayga W12. (That pesky Urus claims 3.6 seconds for the same measure.) Bentley says the W12 engine in the Speed also has a more extroverted exhaust note at start-up and during downshifts. The 48-volt electronic anti-roll system (Bentley Dynamic Ride) is standard. Just as in other Bentaygas, there are four on-road drive modes — and an additional four off-road — with the most aggressive, Sport, recalibrated for Speed duty. The suspension tune is also firmer. As on the V8 and standard W12 models, carbon-ceramic brakes are optional, although there may be a greater call for them here given the Speed's performance capabilities. Visually, the Speed is denoted by darkened front grilles, headlamps, and taillamps. The body also features rocker panel extensions and a liftgate-mounted rear spoiler. Speed-specific 22-inch 10-spoke wheels are available in three finishes. Inside, the Speed debuts Alcantara upholstery (with all-leather a no-cost option), and also features more extensive contrast stitching, illuminated door sill plates, and various "Speed" logos. Both the four- and five-person seating configurations are available. Pricing has not been released, but if you have a need for the Speed, expect to pay more than the $229,100 you'd cough up for a standard W12 Bentayga. Dealers are taking orders now, with U.S. deliveries set to start in the third quarter of 2019. Related Video:

VW makes $23K on every Porsche sold, more than Bentley or Lamborghini

It's a good time to be in the luxury car business. In Volkswagen Group's financial report for the 2013 fiscal year, it is revealed that that Porsche enjoyed an operating margin of 18 percent. That means the Stuttgart brand made on average about $23,200 per car sold, according to BusinessWeek. Bentley wasn't far behind, and Audi (which was combined with Lamborghini) posted a 10.1 percent margin. This compares to only around 2.9 percent for the Volkswagen brand.
"Luxury brands are on fire," said Dave Sullivan, an industry analyst at AutoPacific. He said that the average profit margin is between six and eight percent. Brands like Porsche and Bentley have the benefit of competing in rarefied markets. Buyers looking at one their vehicles have fewer models to shop against and don't care as much about price. They can also charge more for options, which further boosts income, according to BusinessWeek.
In a way, we should be more impressed by the continued success from Audi. Its models generally have direct competitors in every segment from the other premium automakers. Plus, their buyers aren't the captains of industry who are shopping for a Bentley. Still, the Four Rings is leading rivals in sales so far this year.

The UK votes for Brexit and it will impact automakers

It's the first morning after the United Kingdom voted for what's become known as Brexit – that is, to leave the European Union and its tariff-free internal market. Now begins a two-year process in which the UK will have to negotiate with the rest of the EU trading bloc, which is its largest export market, about many things. One of them may be tariffs, and that could severely impact any automaker that builds cars in the UK. This doesn't just mean companies that you think of as British, like Mini and Jaguar. Both of those automakers are owned by foreign companies, incidentally. Mini and Rolls-Royce are owned by BMW, Jaguar and Land Rover by Tata Motors of India, and Bentley by the VW Group. Many other automakers produce cars in the UK for sale within that country and also export to the EU. Tariffs could damage the profits of each of these companies, and perhaps cause them to shift manufacturing out of the UK, significantly damaging the country's resurgent manufacturing industry. Autonews Europe dug up some interesting numbers on that last point. Nissan, the country's second-largest auto producer, builds 475k or so cars in the UK but the vast majority are sent abroad. Toyota built 190k cars last year in Britain, of which 75 percent went to the EU and just 10 percent were sold in the country. Investors are skittish at the news. The value of the pound sterling has plummeted by 8 percent as of this writing, at one point yesterday reaching levels not seen since 1985. Shares at Tata Motors, which counts Jaguar and Land Rover as bright jewels in its portfolio, were off by nearly 12 percent according to Autonews Europe. So what happens next? No one's terribly sure, although the feeling seems to be that the jilted EU will impost tariffs of up to 10 percent on UK exports. It's likely that the UK will reciprocate, and thus it'll be more expensive to buy a European-made car in the UK. Both situations will likely negatively affect the country, as both production of new cars and sales to UK consumers will both fall. Evercore Automotive Research figures the combined damage will be roughly $9b in lost profits to automakers, and an as-of-yet unquantified impact on auto production jobs. Perhaps the EU's leaders in Brussels will be in a better mood in two years, and the process won't devolve into a trade war. In the immediate wake of the Brexit vote, though, the mood is grim, the EU leadership is angry, and investors are spooked.