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Bentley says 'emotional sensitivity' slowed sales in 2023

LONDON — British luxury carmaker Bentley on Tuesday reported a lower operating profit for 2023 after a weak economy and high interest rates hit sales, but the company said its performance had stabilized and new launches would boost it in 2024. "We had an uneven performance for the first time in about four years," CEO Adrian Hallmark told reporters. "Even though our customers can still afford our cars... there was a level of emotional sensitivity that slowed down demand." For those who leased rather than bought cars with a starting pre-tax price above 220,000 euros ($238,590), interest rates had led to a tripling in monthly fees last year, Hallmark said. He said the launch of four high-performance hybrids this year should spur sales as the company gears up to launch its first fully electric Bentley in 2026. Bentley is aiming for an all-electric model lineup by 2030, but Hallmark said its hybrids were likely to be on sale after that deadline as the company seeks to ensure a return on its substantial investment. The luxury automaker in January reported an 11% drop in sales for 2023 following a record year in 2022. The British luxury unit of Volkswagen posted an operating profit of 589 million pounds ($748 million) for 2023, down nearly 17% from 708 million pounds in 2022. Revenue was down 13% at 2.94 billion pounds from a year earlier and the company said its profit margin dropped to 20.1% from 20.9% in 2022 because of investments in new vehicles. Earnings/Financials Green Bentley Luxury

The new Continental GT Supersports is the most powerful Bentley ever

The Bentley Continental GT Supersports has finally returned after a hiatus since the 2013 model year. And in that time, it became even meaner. The car packs a tweaked, twin-turbocharged W12 engine that now pumps out 700 horsepower and 750 lb-ft of torque. That's an extra 79 horsepower and 160 lb-ft of torque over the old model. With output like that, it's no surprise the new Supersports can demolish a 0-60 mph run in 3.4 seconds and has a top speed of 209 mph. The convertible also returns, although the soft top does cost a bit of outright speed. It's 0.3 seconds slower to 60 mph with a time of 3.7 seconds. It also has a slower top speed of 205 mph. But the headroom is amazing. View 13 Photos Fortunately, Bentley has equipped the new Supersports with handling and stopping upgrades, too. The suspension is lower and stiffer than normal a Continental GT. Power goes through a torque-vectoring all-wheel-drive system. That all-wheel-drive system also diverts 60 percent of the power to the rear by default, but can adjust the bias as needed. To bring all 5,000+ pounds of the Supersports to a stop, it has massive carbon ceramic brakes at each corner – 16.5 inches up front, and 14 inches in back. The Supersports sports plenty of style changes, too, although whether they're upgrades is up to the beholder. The car has sprouted a wide array of vents, gills, and wings. It also gets some huge 21-inch forged wheels and rifled exhaust tips. An "X Specification" package also gives buyers the option of eight two-tone color schemes along with carbon fiber mirrors and other trim pieces. It also includes a titanium exhaust that saves about 10 pounds of weight. Inside is plenty of leather and Alcantara, along with a new dash trim in a checkered carbon fiber finish. Of course other existing Bentley trims and veneers are also available. Bentley did not give details on pricing or availability of the Supersports. Related Video:

Former Lamborghini designer reportedly headed to Hyundai

Luc Donckerwolke (pictured above) only left his position as the Director of Design for Bentley in early June, but he might have already had a new gig lined up as he was walking out the door. Donckerwolke is reportedly teaming up with former Volkswagen Group styling bigwig Peter Schreyer at Hyundai Motor, in a position to eventually take over the look of all of the Korean brands' vehicles. At the moment, this major hire for Hyundai and Kia is still just a rumor, though, and the Korean automaker is playing it close to the vest. Company spokesperson Jim Trainor tells Autoblog, "We do not comment on speculation concerning potential appointments." However, insiders tell Automotive News that the deal is the reason for Donckerwolke walking away from his long career among VW's brands. In Korea, Donckerwolke would hold a position under Schreyer at first, and he would take over Hyundai and Kia's design duties when Schreyer retires, which is expected in about two years. Donckerwolke joined the German automotive giant in 1992 and eventually came to define the modern look of Lamborghini by penning both the Murcielago and Gallardo. In 2011, he became the Head of Advanced Design for VW Group and took over styling duties at Bentley in 2012. Schreyer left a fruitful career at VW Group, including penning the original Audi TT, to join Kia in 2006. He gained the overall design duties for the Hyundai and Kia brands in 2012. Ousted VW Chairman Ferdinand Piech once said that he was regretful of losing the talented stylist. Related Video: