2006 Bentley Continental Flying Spur Awd 6.0lt Twin Turbo. Unreserved 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

Ducati Diavel for Bentley is the first collaboration between the brands

Sister companies Ducati and Bentley have joined forces for the first time to create a limited-edition version of the Diavel motorcycle. Inspired by the Batur, which is also a limited-edition model, the bike stands out with an elegant design that incorporates several Bentley styling cues. Although this is the first time Bentley's winged logo appears on a Ducati, it's not the first car-themed Diavel to come out of the Italian brand's design studio; it collaborated with Lamborghini on a Sian FKP 37-inspired 1260 Diavel in November 2020. Drawing inspiration from the sold-out Batur, designers added mesh inserts and red accents to the side air intakes, edition-specific fairing made with carbon fiber, and forged wheels shaped like the ones Bentley put on its limited-edition coupe. Scarab Green paint from the Bentley palette completes the look. The rider sits on an Alcantara-upholstered seat with red accents that echoes the Batur's interior and faces a redesigned instrument cluster. Ducati notes that buyers will receive the bike in a personalized wood case along with a certificate of authenticity, a motorcycle cover, and a passenger seat. The two companies also collaborated on a range of accessories that includes a helmet and a limited-edition jacket. Fitting the Diavel with Bentley's 6.0-liter twin-turbocharged W12 engine seemingly wasn't an option, so power comes from a stock, 1.2-liter V4 rated at 168 horsepower and 93 pound-feet of torque. If neither figure sounds impressive, keep in mind the standard Diavel weighs 520 pounds. Put another way, its power-to-weight ratio approaches that of a Bugatti Chiron. It's the two-wheel equivalent of a supercar. Ducati will build 500 units of the Diavel for Bentley. If that's not rare enough, it will make 50 additional examples of a version named Diavel for Bentley Mulliner that's reserved for Bentley customers. They'll notably have a broader scope of customization options to choose from. Featured Gallery Ducati Diavel for Bentley View 29 Photos Design/Style Bentley Motorcycle Luxury Performance

Jay Leno's 1930 Bentley GJ 400 is a 27-liter monster

Jay Leno's Garage never fails to impress - and by that we mean both the YouTube channel and the actual place. The latest online bit features another truly insane vehicle. Leno's 1930 Bentley GJ 400 isn't actually a classic car and has few Bentley parts on it. It's really a modern custom with vintage looks and a 27-liter Rolls-Royce Merlin V12 engine for power. This machine is absolutely immense, and weighs over three tons.
The Merlin engine was one the workhorses of World War II-era planes. In the GJ 400, Leno believes the V12 is making around 650-700 horsepower. Although, he admits that it could probably be pushed to over 1,000 if someone wanted to. However, he clearly loves this behemoth just the way it is.
While the design is classic, the mechanicals are relatively modern. The engine is fuel injected, and power routes through an automatic transmission to the rear wheels. Many of the updated pieces are hidden as well. For example, what looks like a blower at the front actually disguises an oil cooler.