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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.

2015 Bentley Mulsanne Speed

Why does the Bentley Mulsanne Speed exist? Sam Graham, product line director for the Mulsanne, tells us Bentley's Western customers demanded it, many driven by memories of the Arnage T - the hotted-up version of the Arnage R. The Arnage T, you may remember, arrived in 2002 and threw down 459 horsepower and 645 pound-feet of torque on its way to being billed the most powerful production Bentley ever. Today's Mulsanne Speed picks up the torch and takes it all the way to the Olympic stadium.
Driving Notes
It starts with an upgrade to 530 hp at 4,200 rpm and 811 lb-ft of torque at a limbo-esque 1,750 rpm. That's an additional 25 hp and 86 lb-ft compared to the standard sedan, enabling a top speed of 190 miles per hour. That torque figure makes it second only to the Bugatti Veyron among production cars, and that terminal velocity makes it the fastest ultra-luxury sedan on God's Own Green.

Mansory Bentley Continental GT V8 Convertible is gaudy and green to the max

Mansory is all about excess, and if the Geneva Motor Show were going on, all visitors to its booth would likely need eye protection upon entering. Take this Mansory Bentley Continental GT V8 Convertible for an example. The exterior paint may be matte black, but it’s gaudy to the max. ThereÂ’s a body kit in play here, giving the hood, front bumper, side skirts and rear bumper the Mansory edge (or ugly, however you want to look at it). Much of the classy Bentley styling is interrupted here, but the interior is where Mansory really went nuts. That green youÂ’re looking at is called “green chrome-oxite,” and it might just be visible from the International Space Station. The leather is all in-house Mansory work, which is then complemented by carbon fiber. If you like diamond-quilted stitching, youÂ’re in luck. The leather design is literally everywhere it could possibly be, even in places where it makes no sense, like the floor. This Continental GT V8 also has a couple performance modifications, too. Mansory has fitted a high performance exhaust system and fiddled with the ECU for a little extra power. It now makes 640 horsepower and 656 pound-feet of torque, up handily from the 582 horses and 568 pound-feet of torque it makes in stock form. That lowers the 0-60 mph time by one tenth of a second to 3.8 seconds. Top speed also rises from 198 mph to 205 mph. Finally, you can crest 200 mph in your V8 Continental. Mansory truly leaves no stone unturned in a build like this. Even the engine bay features green accents all over the place. Pricing wasnÂ’t detailed by Mansory, but if youÂ’re one of the few (or maybe just the one?) who actually wants a Bentley in this spec, weÂ’re sure Mansory will put a number out there for you. WeÂ’ve shot a note over to Mansory ourselves to see what this monstrosity of a Bentley conversion costs. ItÂ’s sure to be extravagant. Related Video: