2005 Bentley Arnage R Sedan 4-door 6.8l 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

Bentley courting Maybach celebs with letter-writing campaign

When Daimler let slip that Maybach was on the chopping block, the German automaker reportedly insisted that ultra-luxury editions of the Mercedes-Benz S-Class would replace the doomed marque. We're all for a smattering of low volume, seriously pricey S-Class variants, but will the richest and most influential Maybach buyers feel the same way?
Automotive News reports that Bentley is betting that stars like Jay-Z and Samuel L. Jackson will want more than a gussied-up Benz, and the luxury car make is sending out olive branches in the form of a letter campaign. The premium Volkswagen brand is asking the high-rollers to step into a Bentley Mulsanne or perhaps a top-shelf Continental GT. To help persuade VIPs to switch to Bentley, the automaker is inviting select Maybach owners to tour its Crewe, England home.
Given the fact that many typical soccer moms and dads can afford an ML-Class, we can see why some movie stars and sultans would want to steer clear of the Three-Pointed Star. But is Bentley really going to gain much by wooing the 200 annual Maybach buyers? If a few more rap stars roll in a Bentley in their next music video, then the answer would appear to be yes.

2022 Bentley Bentayga gets the world's largest production carbon wheels

Carbon fiber wheels are becoming a hot commodity when it comes to sports cars, and for obvious reasons: They're light and strong. Now the technology is coming to SUVs, as the Bentley Bentayga will soon get the option of the woven and molded wheels. The wheels available will measure 22 inches in diameter, which Bentley says makes them the largest carbon fiber wheels in production. You can also rest assured that they'll be safe for a multi-ton SUV as they pass Germany's rigorous TUV testing and regulations. And they deliver on the lightweight promise, as each wheel weighs about 13 pounds less than an aluminum counterpart. Not only is that good for performance, but we'd bet they deliver a nicer ride, too. Bentley also highlights some other benefits of the carbon fiber wheels. Among them is greater rigidity. Bentley says that aluminum wheels can flex under load up to the equivalent of one degree of camber per G of force. And supposedly, the reduced flex will help reduce tire wear. We sincerely doubt any Bentayga driver will notice. Heck, we doubt many car enthusiasts would actually notice. But hey, luxury isn't entirely about what you'll really notice. Really, we suspect most people who pick up these wheels will do so because they like the look of the exposed carbon. And it should, as Bentley also mentions, match the available carbon exterior packages nicely. If you're looking to pick up a Bentayga with these wheels, they'll be available later this year. Pricing hasn't been announced. Related video: Byron plays rich in the 2021 Bentley Flying Spur V8 | Autoblog