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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.

Audi CEO's Dieselgate arrest threatens fragile truce among VW stakeholders

FRANKFURT — The arrest and detention of Audi's chief executive forces Volkswagen Group's competing stakeholders to renegotiate the delicate balance of power that has helped keep Audi CEO Rupert Stadler in office. Volkswagen's directors are discussing how to run Audi, its most profitable division, following the arrest of the brand's long-time boss on Monday as part of Germany's investigations into the carmaker's emissions cheating scandal. The supervisory board of Audi, meanwhile, has suspended Stadler and appointed Dutchman Bram Schot as an interim replacement, a source familiar with the matter said on Tuesday. Schot joined the Volkswagen Group in 2011 after having worked as president and CEO of Mercedes-Benz Italia. He has been Audi's board member for sales and marketing since last September. The discussions risk reigniting tensions among VW's controlling Piech and Porsche families, its powerful labor representatives and its home region of Lower Saxony. VW has insisted the development of illegal software, also known as "defeat devices," installed in millions of cars was the work of low-level employees, and that no management board members were involved. U.S. prosecutors have challenged this by indicting VW's former chief executive Martin Winterkorn. Stadler's arrest raises further questions. Audi and VW said on Monday that Stadler was presumed innocent unless proved otherwise. Munich prosecutors detained Stadler to prevent him from obstructing a probe into Audi's emissions cheating, they said on Monday. Stadler is being investigated for suspected fraud and false advertising. Here are the main factors deciding the fate of Audi. Background: Audi's role in Dieselgate Volkswagen Group was plunged into crisis in 2015 after U.S. regulators found Europe's biggest carmaker had equipped cars with software to cheat emissions tests on diesel engines. The technique of using software to detect a pollution test procedure, and to increase the effectiveness of emissions filters to mask pollution levels only during tests, was first developed at Audi. "In designing the defeat device, VW engineers borrowed the original concept of the dual-mode, emissions cycle-beating software from Audi," VW said in its plea agreement with U.S. authorities in January 2017, in which the company agreed to pay a $4.3 billion fine to reach a settlement with U.S. regulators.

2017 Bentley Flying Spur W12 S laughs at the 200-mph barrier

A 200-plus-mile-per-hour sedan will always be more audacious than a similarly speedy coupe. These days, cracking 200 in a lightweight two-door is basically just expected. But reaching that speed in a sedan – a big, heavy, leather-and-wood-lined palace of a four-door – is more challenging. Bentley has finally done it. The new Flying Spur W12 S takes the smaller of Bentley's two sedans up to a lofty 202 mph – up from 199 in the standard model – thanks to the efforts of a more potent W12. The company's engineers boosted output from 616 to 626 horsepower and torque from 590 pound-feet to 605. On top of the increased top speed, the W12 S can hit 60 miles per hour in just 4.2 seconds. A retuned suspension with unique damper and stability control settings promises a more agile Flying Spur flagship, too. There are also aesthetic tweaks to set the Flying Spur's headlining act. We're digging the black elements in the LED headlights and taillights. The new lights play nice with the blacked-out grille – which Bentley insists on calling Beluga – 21-inch wheels, and other accents scattered around the body. We think the pale blue sedan in the gallery works better than on the Jack-O-Lantern orange Flying Spur. Changes in the cabin are more modest – there's a nice "W12 S" script in the headrests and a new two-tone color split interior that's limited to this range-topping S model. Bentley will deliver the first Flying Spur W12 S sedans near the end of 2016. And if you want an even more potent Flying Spur, somehow, we're guessing a Speed model will supplant the W12 S sooner rather than later. Related Video: Featured Gallery 2017 Bentley Flying Spur W12 S News Source: BentleyImage Credit: Bentley Bentley Luxury Performance Sedan bentley flying spur