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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.

Bentley to unveil zero-emissions EXP 100 GT on July 10

Some people take part in excessive celebrations with a birthday week. Bentley went the extra mile and has been celebrating a full all-out birthday year, with a variety of special-edition models and events. The British manufacturer has been milking its centenary leading up to July 10, 2019, when it will unveil the EXP 100 GT, a zero-emissions autonomous car that Bentley bills as "the future of grand touring."  During the past year, Bentley has released Centenary Specifications for all of its models, a $250,000 book, the Continental GT Convertible No. 1 Edition by Mulliner, a Bentley Continental GT No. 9 Edition, and a Mulsanne W.O. Edition, all in honor of 100 years of the company. These special products have created a build-up toward one of Bentley's biggest launches ever in the EXP 100 GT.  The EXP 100 GT is expected to be Bentley's first electric car, but the EXP nomenclature indicates it will only be a concept, for now. It will also be autonomous, as the ultimate level of grand touring is supposedly having the choice to drive or be driven.  Bentley says it will be "a physical embodiment of the future brand," and will "set the new benchmark for luxury craftsmanship." This will be accomplished with "a fascinating array of materials," all of which are handcrafted to Bentley's over-the-top standards.  The unveiling event will be livestreamed on BentleyMedia.com, or enthusiasts can register for the event on a microsite called Extraordinary Journeys. The sheet is expected to be pulled at 11 a.m. EDT Wednesday, July 10. 

Bentley offers very small ride for very small drivers

There’s a new Bentley on the horizon. It has no motor, no transmission. No touchscreen, no windscreen. In fact, it's a convertible, sort of, and instead of zero-to-60 times, thereÂ’s a zero-to-whatever time, depending on the age of the driver; five years old is about right. Considering its a Bentley, the price of its Mulliner Tricycle on sale in the UK—about $750--is a bargain, at least in Bentley terms. Of course, consider that a Big Wheel “Rally Racer” edition costs $112 at WalmartÂ….well, a Big Wheel hasnÂ’t got leather seats, a plush, quilted handle bag, a sun canopy and—deal-maker—a Bentley-badged seat-belt buckle. The so-called “6-in-1 Trike” was inspired by the brandÂ’s Mulliner bespoke division, which allows buyers to customize a Bentley with gold organ-stop buttons, “pinstripe” wood veneers or to upholster seats in “Cherry Blossom hides.” The three-wheeler may lack those exotic options, but it does include air-pumped wheels, anti-slide metal pedals, and a safety seat with “soft inserts” that “simulates the shape of the car seat and ensures extra comfort for children.” Advertised as accommodating kids aged from six months, the tricycle converts—see? We told you!—to a stroller, with the seat facing the designated adult driver. No word yet on the vehicleÂ’s availability in the States. Toys/Games Bentley