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U.S. issues new tariff threat, this time against British-built cars

WASHINGTON — Britain is the United States' closest ally but their long friendship may be sorely tested as the two countries try to forge a new trade agreement after Britain's exit from the European Union. U.S. Treasury Secretary Steven Mnuchin said on Saturday in London that he was optimistic that a bilateral deal with Britain could be reached as soon as this year. But Mnuchin gave up no ground after a second meeting with his UK counterpart, Sajid Javid. Javid has insisted that Britain will proceed with a unilateral digital services tax, despite a U.S. threat to levy retaliatory tariffs on British-made autos. Mnuchin told reporters after Saturday's meeting that such taxes would discriminate against big U.S. tech companies like Alphabet Inc's Google, Apple, Facebook and Amazon. The UK Treasury declined to comment on the private meeting. The divide highlights the challenges ahead as the Trump administration seeks a new bilateral agreement with Britain, part of a broader push to rebalance relations with nearly all its major trading partners. The stakes are high — British Prime Minister Boris Johnson has pegged the trade deal with United States as a way to ease the pain of breaking with Europe, Britain's largest trade partner. U.S. President Donald Trump, has promised a "massive" trade deal to support Brexit, the product of a populist movement similar to his "America First" agenda. The goodwill and special relationship the two countries have enjoyed for decades may not count for much, experts say. "Trump is not going to be doing Johnson any favors," said Amanda Sloat, a senior fellow with the Brookings Institution in Washington. "He's not going to give him a trade deal without major concessions." Even before the digital tax issue arose, the Trump administration threatened to tax foreign car imports, which could hit British-made Jaguar, Land Rover, Mini, and Honda Civic hatchback cars. Stiff U.S. trade demands include increased access for U.S. farm goods, concessions that will be difficult for Britain's entrenched natural food culture to swallow. The United States also wants Britain to change the way its National Health Service prices drugs and allow in more U.S. pharmaceuticals, which could prove politically unpopular for Johnson's government. Washington's demand that London block Chinese telecoms equipment maker Huawei Technologies Co Ltd for national security reasons could also cloud talks.

2020 Bentley Continental GT V8 Second Drive Review | The leathery lap of luxury

BIRMINGHAM, Mich. — I came home from Florida, unpacked, and was treated to a snowstorm the day after my vacation. As I sat in the office, watching the white stuff come down harder and harder, Autoblog Editor-in-Chief Greg Migliore started asking questions. “Is the Bentley in the basement?” he asked, referring to the $280,000 Continental GT V8 that I was supposed to drive home that evening. Later, “What kind of tires are on the Bentley?” I wasnÂ’t too nervous yet. It was on all-seasons, and was equipped with all-wheel drive. After more hours of blowing snow, he said to me, “If you want to punt on driving the Bentley until the weatherÂ’s better, thatÂ’s fine.” Punt I did, taking the 2020 Toyota 4Runner TRD Off-Road Premium home that night instead. The next day, after the plows, salt trucks and sunshine had done their thing to the roads, I finally got to scratch the Bentley itch that had been nagging me since I had landed in Detroit. I grabbed the weighty key fob, Autoblog Associate Producer Alex Malburg grabbed a camera and mic, and we headed down to the basement together to film the video you see above. Opening the door to the 2020 Bentley Continental GT V8 greets you with a big white “B” illuminated on the ground from the puddle light, surrounded by a yellow circle. I don't recall seeing another multi-colored puddle light before, but IÂ’ll remember this one. We got in the Bentley, fired it up, and gingerly crept out of the basement garage. Before exiting, I made sure to give the car a few revs, but there wasnÂ’t much to hear from inside the cabin. Despite the lack of volume, the 4.0-liter V8 is potent. With 542 horsepower, itÂ’s just shy of the 552 horses of the original Conti GTÂ’s W12, and it out-torques it at 568 pound-feet. Helping to motivate it is a pair of twin-scroll turbochargers. As Alex and I took the Bentley for a cruise down Woodward Avenue, I got to test its straight-line acceleration at stoplight after stoplight. Despite the BentleyÂ’s 5,000-pound curb weight, itÂ’s brisk, but also smooth. ThereÂ’s no noticeable turbo lag as it motivates itself toward extralegal speeds. Bentley claims itÂ’ll do 0-60 in 3.9 seconds. There was no way IÂ’d get this thing anywhere near its 198-mph top speed. 2020 Bentley Continental GT V8 First Edition View 24 Photos The big V8Â’s sound doesnÂ’t intrude inside. ThereÂ’s no constant drone, and you only really hear it when you get on the gas.

Matthias Muller officially named VW Group CEO

While the vast number of rumors made it seem like a foregone conclusion, Porsche boss Matthias Muller has officially been named Volkswagen Group CEO to replace the recently resigned Martin Winterkorn. His contract runs through the end of February 2020, and until a replacement is found, Muller also gets to hang onto his old job as chairman of Porsche. At the same time, the VW Group Supervisory Board is announcing a massive structural reorganization across the entire company, with the new management model in place by the beginning of 2016. Contrary to previous rumors, Michael Horn remains as President and CEO of VW Group of America. The board wants a greater emphasis on brands and regions going forward, and the scale of this shift can be seen in the US. On November 1, VW Group business in the US, Mexico, and Canada is being combined under the leadership of current Skoda chairman Winfried Vahland. However contrary to previous rumors, Michael Horn remains as President and CEO of VW Group of America. Other brands are also seeing some significant changes mechanically. Porsche, Bentley, and Bugatti now fall under the Group's "sportscar and mid-engine toolkit." This means that the brands will start sharing standardized technical parts. A Chief Technical Officer across all of the company's brands will also start working toward future innovations. The new brand-centric view means the end of a group-wide production department. "Going forward, the brands and regions will also have greater independence with regard to production. So it follows that they should also hold the responsibility for these activities," Berthold Huber, interim Chairman of the Supervisory Board, said in the announcement. In a statement with the press release about his promotion, Muller promised to turn the company around after such an international crisis. He said: "My most urgent task is to win back trust for the Volkswagen Group – by leaving no stone unturned and with maximum transparency, as well as drawing the right conclusions from the current situation. Under my leadership, Volkswagen will do everything it can to develop and implement the most stringent compliance and governance standards in our industry." Matthias Muller appointed CEO of the Volkswagen Group Muller remains Chairman of Porsche AG until a successor has been found Matthias Muller (62) has been appointed CEO of Volkswagen AG with immediate effect.