2012 Bugatti Veyron on 2040-cars

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Volkswagen posts quarterly profit despite drop in sales

Volkswagen returned to profit in the third quarter as surging Chinese demand for luxury cars helped offset a 1.1% drop in vehicle deliveries due to the pandemic, sending its shares as much as 3% higher on Thursday. The German automaker's return to the black comes amid spiking coronavirus cases in Europe that led governments in France and Germany to order their countries back into strict national lockdowns on Wednesday. "The coronavirus remains a central problem," Volkswagen Chief Financial Officer Frank Witter said in a conference call with reporters. "This situation now is anything but relaxed." But Witter said the group expected the economic recovery to continue and did "not anticipate any nationwide lockdowns in larger markets." Witter said the takeover of U.S. truck maker Navistar International by Volkswagen's trucking unit Traton was an important acquisition, but the "current economic climate will not make this easy." Volkswagen reiterated it expects to post a profit for the full year, saying its business "recovered noticeably" in the third quarter as sales in China of premium vehicles, including Audi and Porsche sports cars, rose 3%. The quarterly performance was also aided by a series of cost-cutting measures launched earlier this year. Volkswagen said its net liquidity rose to 24.8 billion euros from 18.7 billion at the end of the second quarter. Excluding one-time items, third-quarter operating profit was 3.2 billion euros ($3.8 billion), down from 4.8 billion euros a year earlier, but up from a second quarter loss of 1.7 billion. In a note to clients, Jefferies analyst Philippe Houchois described the results as a "solid performance with strong cash, but relatively muted in the context of the (auto) sector recovery." Last week, German rival Daimler reported a record 24% jump in Chinese demand for its Mercedes-Benz cars, boosting its margins in the third quarter. Italian-American Fiat Chrysler Automobiles and Peugeot manufacturer PSA Group both also posted solid results this week. Witter said Volkswagen could not say for sure whether it would meet EU CO2 emissions targets this year, adding "it will be a tough race." At 1030 GMT, Volkswagen shares were up 2.9% at 129.20 euros. Related Video: Earnings/Financials Audi Bentley Bugatti Lamborghini Porsche Volkswagen

Rimac says Bugatti's next model will be 'heavily electrified'

Croatia-based Rimac purchased a controlling stake in Bugatti in July 2021. While some worried that the tie-up would lead to badge-engineering, the company has confirmed that the Chiron's successor will not be merely an existing EV dressed in a swanky French suit. "The easiest thing for us would be to take the Nevera, slam a Bugatti logo on it, and call it a day, but I was against it. I'm an electric car guy, but a Bugatti should still have a combustion engine for some time," company founder Mate Rimac explained to Automotive News Europe. Badge-engineering is off the table, then; Bugatti fans can breathe a sigh of relief. Rimac added that future Bugatti models will be developed from scratch and in-house, and that his team will go to significant lengths to keep development costs in check in order to boost profitability. But while a Bugatti EV isn't around the corner, it doesn't sound like the model that takes the torch from the Chiron will keep the W16 alive. "[The car] will be heavily electrified, but we'll have a very attractive combustion engine. When people see the next-generation Bugatti, I think they will be surprised that I was pushing for something like that because people associate me with electric cars. But, I have always been a performance guy and a car freak. Considering the brand and the customers and the technology available, I think that we are developing the best possible solution for Bugatti, which is not an electric car today. It will be one day, but not today," Rimac continued. While he stopped short of providing technical details, "heavily electrified" and "a very attractive combustion engine" are statements that confirm the Chiron's successor will land with a hybrid powertrain. And, as of writing, there's no word yet on what the car will look like, both visually and mechanically. It could again take the form of a coupe with a mid-mounted engine, or it could adopt a different layout. We don't know when Bugatti will unveil its next car, though it doesn't sound like the company is in a rush: Its order book is full until 2025, according to Rimac. The final Chiron build slots have been spoken for, and the track-focused Bolide is sold-out as well. After a record-breaking 2021, Bugatti plans to build and deliver 80 cars in 2022, including the first examples of the EB110-inspired Centodieci. Meanwhile, the Croatian firm has launched production of the Nevera, its second model, after several delays linked to the ongoing chip shortage.

What's up with this Bugatti Veyron spied at the N?rburgring?

It's been sixteen years since Volkswagen acquired the Bugatti name and started showing off successive concept cars to preview the Veyron that followed. It's been eleven years since the first Veyron prototype started testing, and nine years since it entered production. But soon - probably sometime next year - Bugatti will have sold the last of the Veyrons it will ever build. And considering that the Veyron is the only model it offers, it will need something else to take its place, lest the marque effectively go dormant once again.
Having ruled out the prospect of doing a less expensive sports car years ago and, more recently, the production prospects for the Galibier super-sedan, Bugatti is committed to further the concept of a super-sports car that will, in all likelihood, be lighter than the current Veyron - which may seem like a no-brainer, considering the car weighs over 4,000 pounds - but with an engine that is, by every metric but output, twice the size of the one you'd find in, say, a modern McLaren, trimming weight will be no mean feat.
That does appear, however, to be what Bugatti is seen testing at the Nürburgring in this video clip below. Going by the handle fastsportscardriver, the videographer/uploader doesn't seem to know what he has captured here, but the Grand Sport prototype he's spotted seems to be wearing some sort of metal frame over the exposed engine, suggesting something's at work here. Just what that is, we don't know. But when you're dealing with an engine that already produces upwards of a thousand horsepower, whatever they're working on, it's got to be good.