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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.

Bentley announces Mulsanne upgrades to be shown in Geneva

Proving that there's no such thing as too much luxury, Bentley has released details for the updated 2014 Mulsanne that will debut at the Geneva Motor Show in March. Most of the additions are to improve rear-seat accommodations inside, with the addition of Comfort Specification and Entertainment Specification options.
The Comfort Specification adds some conveniences you might have in your living room, such as padded headrests, stowable footrests and seat cushions filled with duck down. Likewise, the new Entertainment Specification brings tech you might find in your home, including a wifi hotspot, seat trays that are now bigger to accommodate an iPad and keyboard and an entertainment system that gets a pair of eight-inch screens, a DVD player, wireless headphones and premium audio. Rear occupants in the 2014 Mulsanne will also get revised rear door panels with more storage and power-retractable curtains for both side- and rear windows.
Bentley is also offering up new paint and leather colors, too, and to finish it all off, Mulsanne customers will also be able to order a six-piece, handmade luggage set.

Cheap shots in the 'cheap' Bentley: What can you get away with in a Flying Spur V8?

You know the feeling when you think you've finished something brilliant, then you sit down and take a look at it with fresh eyes and realize that, not only is it crap, but it was never really a good idea in the first place? That was me, a couple of weeks ago, as I was looking through the footage I shot while driving the 2021 Bentley Flying Spur V8. Yes, after seeing reactions to the car on social media, I actually thought it would be funny to do a tongue-in-cheek bit where I suggested that Bentley provide owners with a feature designed to help keep "poor" people away. It was a half-baked idea, conceived to be lighthearted and in a vague nod to British humor. The point was not to make fun of anybody's financial situation (except my own, in a round-about self-deprecating way), but the product turned out a bit, well, cringe-inducing. Out of selfish desire not to lose the work that went into it (or another opportunity to talk about this gorgeous car), I decided to repurpose it with some help from "Dr." Byron. As you can see, he's doing house calls now.  I've been reviewing cars for more than a decade now, and even with that much time under my belt, I can still count on my hands the number of truly remarkable cars I've had the chance to drive. This Flying Spur stands out as the most expensive, the most exclusive, and, well, pretty much just the most car I've ever experienced. As I alluded to in my initial write-up, this is the kind of car that causes somebody like me — a person of comfortably modest means — to rethink even the most fundamental aspects of an otherwise conventional road trip.  Over the years, I've had people compliment, degrade and otherwise question my life choices based on cars I barely put 100 miles on. It's part of the gig. I was once rather directly approached and asked for money while gassing up a 2012 Porsche Cayman; no "hello," no preamble, no sugar-coating. Just, "Can I have some money?" So no, that tweet didn't actually make me self-conscious about cruising around in such a valuable and exclusive automobile, but the mere act of driving it did, and the discomfort was even further juiced by my knowledge that what I was driving wasn't even the "expensive" Flying Spur. I found myself wanting to tell people, "Look, you really shouldn't be that impressed. This is the cheap one." The question follows thusly: What is a cheap Bentley, and why does it need to exist?