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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.

2022 Bentley Flying Spur Odyssean Edition launches the hybrid in style

The 2022 Bentley Flying Spur Hybrid will be the second plug-in hybrid in the company's lineup. And the brand is bestowing it with a special model called the Odyssean Edition to kick it off. It has some unique interior features that Bentley claims are more sustainable, but we would argue they don't do much to make the big sedan particularly green, at least not beyond its hybrid nature. Set that aside, though, and the Odyssean Edition is still a nice machine. The interior is the highlight of the Odyssean Edition, and in particular, the contrast stitching used on the seats. They've been dyed so that they start dark on the outer edges and fade to a lighter tone in the center. Bentley says this is the first time this stitching design has been used on a production car, with it originally appearing on the EXP 100 GT concept car. The rest of the interior is covered in natural leather (supposedly for its longevity), natural finish Koa wood (supposedly for less lacquer use) and some 100% wool spun into tweed panels on the backs of the front seats. You can get other Bentleys with leather and natural-finish wood, so they aren't really an extra step toward sustainability. On the outside, the Odyssean Edition is distinguished by champagne-colored accents on the 21-inch wheels, as well as the lower chrome and headlight and taillight surrounds. A badge also appears on the rear pillar. Bentley recommends six paint colors to match the accents, but if you really want to, you can pick from anything in the Bentley color range. Customers can also add options to the Odyssean Edition. We're a little surprised that some of those options include fairly common features such as ambient lighting, puddle lights, lane-keep assist, adaptive cruise control and a head-up display. But less common options include a leather headliner, light-up hideaway hood ornament, 3D diamond upholstery on door panels (shown in the gallery), revolving center display, wool carpeting and night vision. Availability and pricing were not announced. We would expect it to go on sale by the end of the year like regular Flying Spur Hybrids. And like those standard cars, the Odyssean Edition gets the same twin-turbo 2.9-liter V6 hybrid making 536 horsepower and 553 pound-feet of torque. Range from its 14.1-kWh battery is estimated at more than 25 miles. Related Video: Byron plays rich in the 2021 Bentley Flying Spur V8 | Autoblog

What the heck is a Poker Run? And why did I do one in W12 Bentleys?

Looking for something more interesting to do with your car-loving friends than just standing around a parking lot on Saturday mornings drinking coffee? How about a poker run? Never heard of one? Neither had I until I received an invitation to drive a variety of W12-powered Bentleys on a “poker run” tour of greater Los Angeles. To be clear, you do not need Bentleys to do this, nor do you need to cycle through a variety of cars. You also donÂ’t really need to know how to play poker, which is good, since my knowledge of the game begins and ends with watching the crew of the Enterprise play it on “Star Trek.” This is what happens. Craft a four-stop route of wherever you may live or visit. Coffee or lunch stop, scenic overlook, tourist spot, friendÂ’s mansion, whatever. In this particular poker run, we would be going from the chic Viceroy Hotel in Santa Monica (did I mention we were driving Bentleys?) to the Griffith Observatory by way of Beverly Hills, the Sunset Strip and Hollywood. WeÂ’d then drive across Highway 101 (an interstate-style road at this point in L.A.) to the Topanga Overlook in Woodland Hills, down to the Cross Creek plaza in Malibu, and out through the Santa Monica Mountains to Calamigos Ranch for lunch. You can see the route map here. Was it the most dynamic drive in the world? No, but we saw some stuff. And at each stop, plus at the start, we drew a card from a standard deck. With W12 Bentley branding on them no less. With a fifth and final card drawn at Calamigos, we discarded one to craft the best hand possible. The winner in this case would receive the first press loan of the limited-edition Bentayga Speed Edition 12, but you could make the prize whatever you want. I knew enough about poker (thanks Commander Riker) to know that my hand was probably not going to get it done despite an ace of diamonds and a joker. My other choices were 10 of diamonds, two of hearts and five of clubs. And no, bluffing isnÂ’t allowed even if it could be worked into this. Sure enough, I did not win. It was a fun way to spend the day, though, and an idea IÂ’ll try again sometime with friends. IÂ’m guessing we wonÂ’t be in a colorful collection of Bentleys, though, which is of course the other part of this story. You see, the venerable 12-cylinder Bentley is going away after 2024.