2000 Bentley Azure Mulliner Convertible on 2040-cars

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If VW defaults on loans it may sell Bentley or Lamborghini

If something goes catastrophically wrong with Volkswagen Group's recent $21 billion loan, brands like Bentley or Lamborghini could hit the auction block. According to two insiders to Reuters, the beleaguered German automaker agrees with its creditors to sell assets if the company somehow can't pay back the debt in a year. One of these anonymous people claimed the company hasn't yet deliberated over what to sell. However, the sources were willing to speculate that the power engineering portion of Man could be among the first to go. "Volkswagen may also consider divesting luxury car brands Bentley and Lamborghini or motor bike brand Ducati, although these units don't really move the needle," an insider said to Reuters. VW Group negotiated with the banks earlier this week to get the massive loan. The cash is necessary as a buffer in case the automaker doesn't have enough money on hand to repair vehicles or settle upcoming fines. VW would reportedly issue bonds in the spring to begin paying the debt. The company's bills will start racking up quickly in the new year. German authorities mandate a recall there in early 2016, and repair campaigns in the US for the 2.0- and 3.0-liter diesel engines are inevitable. There are also hundreds of class-action lawsuits to settle. The company needs to resolve its CO2 emissions scandal in Europe, too. In response to these financial threats, VW management created a cost-cutting plan to slash the research and development budget by $1.1 billion next year.

Ferdinand Piech (1937-2019): The man who made VW global

Towering among his peers, a giant of the auto industry died Sunday night in Rosenheim/Upper Bavaria, Germany. Ferdinand Piech, a grandson of Ferdinand Porsche, who conceived the original Volkswagen in the 1930s, was the most polarizing automotive executive of our times. And one who brought automotive technology further than anyone else. Ferdinand Porsche had a son, Ferdinand (called "Ferry"), and a daughter, Louise, who married the Viennese lawyer Anton Piech. They gave birth to Ferdinand Piech, and his proximity to two Alfa Romeo sports cars — Porsche had done some work for the Italians — and the "Berlin-Rome-Berlin" race car, developed by Porsche himself, gave birth to Piech's interest in cars. After his teachers in Salzburg told his mother he was "too stupid" to attend school there, Piech, who was open about his dyslexia, was sent to a boarding school in Switzerland. He subsequently moved on to Porsche, where he fixed issues with the 904 race car and did major work on the 911. But his greatest project was the Le Mans-winning 917 race car, developed at breathtaking financial cost. It annihilated the competition, but the family had had enough: Amid growing tension among the four cousins working at Porsche and Piech's uncle Ferry, the family decided to pull every family member, except for Ferry, out of their management positions. Piech started his own consultancy business, where he designed the famous five-cylinder diesel for Mercedes-Benz, but quickly moved on to Audi, first as an engineer and then as CEO, where he set out to transform the dull brand into a technology leader. Piech killed the Wankel engine and hammered out a number of ambitious and sophisticated technologies. Among them: The five-cylinder gasoline engine; Quattro all-wheel drive and Audi's fantastic rally successes; and turbocharging, developed with Fritz Indra, whom Piech recruited from Alpina. The Audi 100/200/5000 became the world's fastest production sedan, thanks to their superior aerodynamics. Piech also launched zinc-coated bodies for longevity — and gave diesel technology a decisive boost with the advent of the fast and ultra-efficient TDI engines. Less known: Piech also decided to put larger gas tanks into cars. Customers loved it. Piech's first-generation Audi V8 was met with derision by competitors; it was too obviously based on the 200/5000.

2022 Bentley Flying Spur Hybrid has pure electric range, near-V8 performance

Bentley is adding the new 2022 Flying Spur Hybrid as a third powertrain option in the Flying Spur family that already includes a W12 and V8 model. It’s BentleyÂ’s second hybrid vehicle, joining the Bentayga Hybrid in the companyÂ’s rollout of slightly greener vehicles. This Flying Spur PHEV is the result of borrowing powertrain components from Porsche for its powertrain components. A 2.9-liter twin-turbo V6 and electric motor combine for a total system output of 536 horsepower and 553 pound-feet of torque. The horsepower is slightly down from the Panamera 4S E-Hybrid, but its 553 pound-feet of torque is identical to the Porsche from which its powertrain is derived from. This motivates the Flying Spur Hybrid from 0-60 mph in just 4.1 seconds, which is just 0.1 second slower than the V8. Top speed is an impressive 177 mph. ThereÂ’s nothing slow about it. As for the electrics, Bentley is using a 14.1 kWh battery pack. Tested on the optimistic WLTP test cycle, Bentley predicts itÂ’ll have a range rating greater than 25 miles. The Porsche Panamera 4 E-Hybrid with the same size battery pack (2020 model, because the 2021 Panamera got a bigger battery pack) is EPA-rated for 14 miles on a full charge, so we suspect the Flying Spur will be closer to this total when it receives its EPA rating. YouÂ’ll be able to choose between pure EV mode, Hybrid Mode or Hold Mode (retains current battery charge) depending on how you wish to utilize the battery charge on your drive. A new dedicated button on the interior facilitates these mode changes, and besides the necessary hybrid-specific infotainment software and cluster layout, is the only physical change to the interior. Hybrid models will be recognizable via their small “Hybrid” badge on the front fender. TheyÂ’ll also have new quad oval tailpipes and a charging port on the left rear fender. Fuel economy figures are not yet available from Bentley, but if the Panamera it shares powertrains with is any indication, we may not see massive gains by going from the V8 to the V6 hybrid. Porsche gains only 1 mpg going from the Turbo to a 4S E-Hybrid, so a similar 1- or 2-mpg bump from the V8Â’s 17 mpg combined figure seems likely. A total driving range of 435 miles is expected with this Hybrid model, which Bentley claims is the best in its lineup. Pricing isnÂ’t out yet, but Bentley says youÂ’ll be able to place an order for a Flying Spur Hybrid this summer. The first customer deliveries are scheduled for the end of 2021.