2008 Bentley Continental Flying Spur 1-owner on 2040-cars

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Bentley lays out EV and PHEV plans through 2030

Bentley has been steadily dripping details on its electrification plans through the rest of the decade. It's going fully electric and carbon neutral by 2030, and its first all-electric car is coming in 2025. Today, the company provided a few more details on its electric product rollout and how it will start phasing out internal combustion cars. That first electric car is coming toward the end of 2025, so it's probably a 2026 model year vehicle, and it's reportedly going to be an SUV. It's also just the start of a big electric push. The next five years after that car's introduction will bring another new fully electric model each year. Those electric models will probably include new generations of existing nameplates such as the Continental GT and Bentayga, but at least one, possibly the first one, will be an as-yet-unnamed machine. Furthermore, Bentley will continue building these cars at the Crewe, England, facility where it's investing 2.5 billion pounds, or nearly $3.4 billion. Until the first EV arrives, Bentley will be expanding its hybrid offerings, with a few new hybrid variants of existing models coming this year. By 2024, all Bentley models and variants will be available with a plug-in hybrid option. By 2026, all of Bentley's cars with internal combustion engines will be plug-in hybrids.    

Volkswagen Group names Paefgen head of classics program

You may remember the name Franz-Josef Paefgen. Until recently, the German engineer and executive was head of both Bentley and Bugatti. Before that he was chief executive of Audi, after working for several years at Ford. He technically "retired" earlier this year, but like the cars he helped create, an executive like Paefgen could never really retire. So it should come as little surprise that the Volkswagen Group has named Dr. Paefgen head of its Classic program.
In his new capacity, Paefgen will oversee the historic automobile activities of the entire VW Group, including those of Volkswagen, Seat, Skoda, Audi, Lamborghini, and of course Bentley and Bugatti. It strikes us as a suitable semi-retirement for the man responsible in no small part for the Bugatti Veyron and Bentley Mulsanne, to name just two, and who was decorated in 2006 by the ACO as the "Spirit of Le Mans" for his contribution to endurance racing. Read the official announcement after the break.

Audi CEO says brand's EVs are almost as profitable as its other cars

After, oh, a hundred years or so of building vehicles primarily powered by internal combustion engines, automakers around the world have been and still are pumping billions of dollars into the development of electric vehicle technology. Everything from platforms and batteries to motors and the software to control it all requires untold hours of development, and that takes time and money. Fortunately, it's not going to take long for that massive investment to start paying off, at least according to Audi CEO Markus Duesmann, who told Reuters in an interview that "The point where we earn as much money with electric cars as with combustion engine cars is now, or ... next year, 2023. They are very even now, the prices." As a brand, Audi contributed more than a quarter of overall profit for the massive Volkswagen Group, which has such powerhouse brands as Volkswagen and Porsche among others. Under the Audi umbrella are Lamborghini, Bentley and Ducati, and it seems those high-end branches aren't going anywhere, at least for now. "These brands ... are very valuable very profitable brands, where we can even expand the synergy level in the future," Duesmann said in the interview. "There are no plans whatsoever to get rid of them." Despite the overall profitability of the brand, the ongoing global chip crisis is causing headaches. "We had a very strong first half in 2021. We do expect a much weaker second half," said Duesmann, who added, "We really have trouble." In fact, so serious is the trouble that the brand is forced into "a day-to-day troubleshooting process" to limit the chip-shortage damage. The good news for the automaker is that Audi has been able to boost its profit margin from 8% prior to the pandemic in 2019 to 10.7% in the first half of 2021. The bad news is that various chip shortages aren't expected to get a whole lot better over the rest of the year. Related video: