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Lamborghini and Bentley may hold off on SUVs so VW can conserve cash

After surveying the European economic scene, Volkswagen may have decided now is not the time to launch utility vehicles with Bentley and Lamborghini badges. Bentley officials say they will continue to push for support for the EXP 9 F and Lamborghini CEO Stephan Winkelman has said planning for the Urus will continue until VW tells it to stop.
That decision could come on November 23, when VW's board will vote on the company's budget for equipment, factories and vehicles. With VW's sales slowing and the Euro economy slumping further, some industry watchers say the company is more likely to build its cash reserves than to introduce super-expensive luxury SUVs or crossovers.
"Such vehicles are anything but obligatory during a crisis," says Frankfurt-based Equinet AG analyst Tim Schuldt in a new Automotive News Europe story. "Delaying their launch would be no drama but help save costs."

2021 Bentley Flying Spur V8 returns with less weight, equipment than W12

Following up on the launch of the W12 version, the 2021 Bentley Flying Spur is once again getting an "entry-level" variant with a V8. It's not as powerful as the W12, and a couple fancy features aren't included. But it's lighter, more fuel efficient, and we expect it will be cheaper. Like past V8 Spurs, this new model has a twin-turbocharged 4.0-liter V8. It's more powerful than its predecessors, though, making 542 horsepower and 568 pound-feet of torque. The previous-generation V8 S made 521 horsepower and 502 pound-feet of torque. The W12's 626 horsepower still towers over the V8, but the V8 boasts a weight savings of 220 pounds. Combined with cylinder deactivation, Bentley claims a 16% improvement in fuel economy, though doesn't give specific numbers. Applying that increase to the W12's combined fuel economy number, we'd expect around 17 mpg for the V8 versus 15 for the W12. There's one other key mechanical change to the Flying Spur V8, and that's the lack of standard electronic adjustable anti-roll bars and four-wheel steering. Both features are part of an option package now, whereas they're included on the W12. The adjustable anti-roll bars are automatically controlled to optimize ride quality while reducing body roll, and the steering allows the Flying Spur to more easily negotiate tight corners and spaces. Otherwise, the V8 Flying Spur is nearly identical to the W12 version, save for the standard 20-inch wheels and quad exhaust tips. It's available in either four- or five-seat configurations. First Edition and Blackline trims are available that include extra options and unique visual tweaks. And among some of the more opulent upgrades are the rear-seat refrigerator, illuminated Flying B hood ornament and rotating center stack display. Pricing for the Flying Spur V8 starts at $200,725 with destination, a healthy discount to the W12's nearly $215,000 price tag. It's also more affordable than the the Continental GT V8's price of around $204,000. The V8 Flying Spur will be available early next year. Related Video:

New Bentley boss nixes any new sports cars in its money-losing lineup

Adrian Hallmark took over the helm at Bentley on February 1 this year. Volkswagen poached him from Jaguar, where he headed the brand's global strategy. Or perhaps we should say re-poached him, since Hallmark served as Bentley's board member in charge of sales and marketing from 1999 to 2005, and helped guide the original Continental GT to market. He's now responsible getting Bentley in better shape financially and sales-wise, and positioning it for growth. Among the products necessary to do that, Hallmark recently told Autocar that flashy coupes won't cut it. "I'll tell you what we won't be building," he said, "and that's sports cars." That means we can forget about the gorgeous EXP 10 Speed 6 coupe that had a rumored place in the lineup after a sub-Bentayga CUV, and the EXP 12 Speed 6e battery-electric convertible. Hallmark cited a few issues with the segment, the first being that the segment hasn't yet recovered from the recession, and the buyer demographic that's left goes up in age every year, clearly a losing game. The kinds of younger buyers who would buy Bentleys, athletes and entertainers, are deterred from the purchase by contractual limitations like injury clauses or aversion to paparazzi photos. As well, in China, wealthy buyers get SUVs or limousines, but Hallmark believes Bentley hasn't adopted the the proper strategy there to take advantage. This is far more than about sports cars for Bentley, though; a recent article in German newspaper Handelsblatt outlined a number of situations the carmaker needs to rectify, including the finding that Bentley's "losing money hand over fist instead of racking up the hefty margins more typical of the class." A German study claimed that whereas Ferrari makes around $80,000 on every car it sells, and Porsche makes a little more than $19,000 on each car (last year it was a little more than $17,000) Bentley loses a little more than $19,000 on each unit. The English manufacturer has posted an operating loss of roughly $92 million through the first six months of 2018, the latest figures in a decline that began in 2014. That financial timeline, however, coincides with Bentley's $1.1B investment in new technologies, which the carmaker cites as the reason for profitability woes.