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Volkswagen profit jumps as it warns of a cooling auto market

FRANKFURT, Germany — Volkswagen says its profits jumped 44% in the third quarter thanks to a more profitable mix of vehicles in its lineup but warned that global car markets are slowing more than expected and lowered its forecast for annual sales. After-tax profit rose to $4.42 billion (3.98 billion euros) as revenues rose 11% to $68.27 billion (61.42 billion euros). The sales margin of 7.8% exceeded the goal of 6.5-7.5% as vehicles bringing higher profits took a larger share of sales. The Wolfsburg-based automaker pointed to the headwinds facing the industry by saying that it expects "vehicle markets will contract faster than previously anticipated in many regions of the world." It said sales would be "on a level" with last year's record of 10.8 million vehicles. Previously it had expected a slight increase. The company said its profits would be in the lower end of its forecast range. Global automakers are facing a slowdown in sales amid disputes over trade and from pressure in the European Union and China to develop and sell low-emission vehicles that require heavy investment in new technology. Ford and Renault have issued profit warnings in recent days, while Daimler, maker of Mercedes-Benz luxury cars, lost money in the second quarter and is expected to outline a cost-cutting strategy for investors on Nov. 14. Volkswagen is leading the push into electric vehicles in Europe by launching its ID.3 battery-powered compact car at prices it says will make zero local emission vehicles a mass phenomenon. The company was able to increase earnings in the quarter despite an 18% rise in spending on research and development.

Bentley Bentayga may spawn sportier fastback version

In the past few years, Bentley has shown us two different conceptions about what its future might look like in: the SUV that started life as the EXP 9 F concept and has now entered production as the Bentayga, and the EXP 10 Speed 6 concept that previews a future sports coupe from the stoic British marque. The next step is an SUV that combines a little of each of them. According to Automotive News, engineers and designers in Crewe are currently laying the groundwork for a crossover that would blend the tall form of the Bentayga with the roofline of the Speed 6. The result would be similar in form, we'd imagine, to the likes of the BMW X6 and Mercedes GLE Coupe, only even further upscale. We wouldn't be surprised to see more changes than the roofline and tail section, either, with a sportier front end and more avant-garde headlights (like those we saw on the Speed 6 concept) giving it a sportier, less stodgy appearance all around – and maybe, just maybe, a different nameplate. CEO Wolfgang Durheimer wants to get the fastbacked Bentayga variant ready by 2018 or 2019 – right around the time that Rolls-Royce, Aston Martin, Maserati, and Lamborghini will be rolling out their debut crossovers. By that time, Bentley will have already have had the Bentayga on the market for two or three years, and wants to be ready to fight off the onslaught with something fresh. "Imagine the EXP 10 as an SUV. It doesn't look 'old Bentley, Durheimer told AN. "The Bentayga doesn't stop us from dreaming and looking down the road. The more success we have with it, the more we can take the best of it and run with it." Proceeding with the project will require Durheimer to get approval from the Volkswagen Group head office in Wolfsburg, but the business case seems like a slam dunk. The model would help Bentley (and VW) further capitalize on the $1 billion it already spent developing the Bentayga, following a successful business model laid out by rival BMW and which Germany's other automakers are quickly learning to emulate. This wouldn't be the first time he'd be seeking approval from Matthias Muller on such a project, either. Durheimer successfully ushered the Cayenne into production when he was head of R&D at Porsche and Muller was the brand's CEO.

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: