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If VW defaults on loans it may sell Bentley or Lamborghini
Mon, Dec 7 2015If 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 Continental GT3-R is a limited-edition racer for the street
Sun, 17 Aug 2014Limited to just 300 examples worldwide, Bentley's new GT3-R is set to bring a bit of the brand's motorsports pedigree to the street. After all, the Flying B recently took the win at the Blancpain Endurance Series at Silverstone with its new Continental GT3, less than one year after the big racer's debut.
Like the road-going Conti GT, the GT3-R uses a twin-turbocharged 4.0-liter V8, tuned in this application to 572 horsepower and 516 pound-feet of torque - increases of 51 hp and 14 lb-ft from the already potent GT V8 S. That's enough to get the 4,839-pound Bentley to 60 miles per hour in just 3.6 seconds, on its way to a top end of 170 mph.
To make the GT3-R more hardcore than standard Continentals, the air suspension has been retuned, the brakes have been upgraded with carbon silicon discs, and there's a titanium exhaust that's good for 15 pounds of weight-savings - in all, the GT3-R is some 200 pounds lighter than a comparable GT V8 S.
The Bentley Mulsanne exits the stage as production ends
Thu, Jun 25 2020Bentley is done with the Mulsanne. The one you’re looking at here is the penultimate car to come out of the factory in Crewe, Cheshire, England. Apparently, the owner of the last one is rather secretive and wants to keep their car under wraps. That being the case, Bentley has surrounded this Tungsten and Rose Gold Mulsanne with all the pomp and circumstance one would expect from the end of an era at Bentley. At least, as much as the pandemic will allow. Bentley employees are pictured here next to the car, standing apart with masks on. ItÂ’s one of the Mulsanne 6.75 Edition cars Bentley previously announced, which the company limited to just 30 units. The end of the Mulsanne also means the end of the 6.75-liter V8 at Bentley. We gave that engine its own sendoff post, but needless to say, the engine series is an old one and can be traced back to 1959. BentleyÂ’s Mulsanne is much less old. This flagship sedan was introduced at Pebble Beach in 2009, and has been in production ever since. Bentley has given it a couple rounds of updates, with the addition of the faster Mulsanne Speed in 2015, along with a design and tech refresh in 2016. Bentley built just over 7,300 total Mulsannes, and itÂ’s released a few eye-popping production stats. In the end, about 700 people were part of the production process to build the Mulsanne, putting in nearly 3 million total hours. Over a million total hours have been spent creating the interiors, and nearly 90,000 hours have been spent polishing the cars. “I am immensely proud of the hundreds of designers, engineers and craftspeople that brought the Mulsanne to life over the last 10 years,” said Adrian Hallmark, Bentley CEO. “Now, as we begin BentleyÂ’s journey to define the future of sustainable luxury mobility through our Beyond100 strategy, the role of Bentley flagship is passed to the new Flying Spur.” ThatÂ’s right, the Flying Spur is the new flagship for the time being. Though, the latest rumors point to Bentley making a gigantic SUV as its future flagship vehicle to properly replace the Mulsanne. Is anybody surprised? Related video:
