2008 Bentley Continental Gt Speed Coupe on 2040-cars

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Volkswagen posts quarterly profit despite drop in sales

Volkswagen returned to profit in the third quarter as surging Chinese demand for luxury cars helped offset a 1.1% drop in vehicle deliveries due to the pandemic, sending its shares as much as 3% higher on Thursday. The German automaker's return to the black comes amid spiking coronavirus cases in Europe that led governments in France and Germany to order their countries back into strict national lockdowns on Wednesday. "The coronavirus remains a central problem," Volkswagen Chief Financial Officer Frank Witter said in a conference call with reporters. "This situation now is anything but relaxed." But Witter said the group expected the economic recovery to continue and did "not anticipate any nationwide lockdowns in larger markets." Witter said the takeover of U.S. truck maker Navistar International by Volkswagen's trucking unit Traton was an important acquisition, but the "current economic climate will not make this easy." Volkswagen reiterated it expects to post a profit for the full year, saying its business "recovered noticeably" in the third quarter as sales in China of premium vehicles, including Audi and Porsche sports cars, rose 3%. The quarterly performance was also aided by a series of cost-cutting measures launched earlier this year. Volkswagen said its net liquidity rose to 24.8 billion euros from 18.7 billion at the end of the second quarter. Excluding one-time items, third-quarter operating profit was 3.2 billion euros ($3.8 billion), down from 4.8 billion euros a year earlier, but up from a second quarter loss of 1.7 billion. In a note to clients, Jefferies analyst Philippe Houchois described the results as a "solid performance with strong cash, but relatively muted in the context of the (auto) sector recovery." Last week, German rival Daimler reported a record 24% jump in Chinese demand for its Mercedes-Benz cars, boosting its margins in the third quarter. Italian-American Fiat Chrysler Automobiles and Peugeot manufacturer PSA Group both also posted solid results this week. Witter said Volkswagen could not say for sure whether it would meet EU CO2 emissions targets this year, adding "it will be a tough race." At 1030 GMT, Volkswagen shares were up 2.9% at 129.20 euros. Related Video: Earnings/Financials Audi Bentley Bugatti Lamborghini Porsche Volkswagen

Bentley Mulliner Bacalar is so bespoke, it's a whole different car

Bentley talks a lot about “bespoke” — the customized elements done at the hands of its Mulliner division — but the newly unveiled Bentley Mulliner Bacalar takes the idea to a new level. This isnÂ’t just a unique paint color or a special upholstery fabric or a fabricated housing for an ownerÂ’s pet ferret. ItÂ’s a completely custom-bodied automobile, one that transforms the Continental GT convertible into a restyled two-seat roofless barchetta, which takes its name from a lake in MexicoÂ’s Yucatan Peninsula. Bentley claims that not a single exterior body panel from the Continental GT remains unchanged on the Bacalar, and the design is said to be inspired by last yearÂ’s EXP 100 GT concept. That show car was a coupe with scissor doors and an electric powertrain. The Bacalar is none of those things. But you can see some rub-off from the EXP 100 GT in the detailing, such as the horizontal lighting elements at the front and the rear. This example wears special Yellow Flame paint that incorporates the ash from burned rice husks as a more environmentally friendly way to create a metallic effect. In the Bentley Mulliner Bacalar, the doors and fenders are made from carbon fiber, while the clamshell covering over the rear compartment is aluminum. The body panels feature additional air intakes, a double hump behind the front seats, and more pronounced rear haunches over the 20-mm wider rear track. There is no roof — presumably owners will drive one of their dozens of other cars if rain is predicted. It would be a shame, after all, to let this interior get wet. The BacalarÂ’s cabin has just two seats, with a carved-out luggage hold behind each one that is specially designed to fit custom-matched bags made by Italian luggage maker Shedoni. The reworked center console angles up to meet the dash, which contains BentleyÂ’s Rotating Display and a digital instrument cluster that differs from that of production Bentleys. The seats are upholstered in British wool together with two types of leather, and the wool elements also appear on the console and door panels. The wood trim — in both matte and gloss finishes — is sourced from 5,000-year-old trees harvested from rivers, lakes and peat bogs. The 6.0-liter twin-turbocharged W-12 engine is massaged to the tune of 650 horsepower and 667 lb-ft of torque (versus 626 ponies and 664 lb-ft in the Conti GT). The W-12 is paired with an eight-speed dual-clutch automatic transmission and rear-biased all-wheel drive.

1931 Bentley 8 Litre is the 2019 Pebble Beach Concours Best of Show

A 1931 Bentley 8 Litre Gurney Nutting Sports Tourer took home the title of Best of Show at the 69th running of the Pebble Beach Concours d'Elegance. It's probably the only time the owners will be okay with a bunch of tiny pieces of paper raining down on the immaculate open interior.  The 2019 Pebble Beach Concours took place on Sunday, August 18, 2019, and it capped a typical Monterey Car Week filled with hundreds of millions of dollars worth of automotive excellence. Some cars sold for eight digits, while others unexpectedly failed to meet reserve (even at eight digits).  The '31 Bentley had stiff competition for the top honor. The finalists for Best of Show included a 1938 Talbot-Lago T150C-SS Figoni & Falaschi Teardrop Cabriolet owned by Richard & Melanie Lundquist, a 1936 Mercedes-Benz 540K Erdmann & Rossi Special Cabriolet owned by The Keller Collection at the Pyramids, and a 1962 Aston Martin DB4GT Zagato Coupe owned by David F. MacNeil.  The Bentley, which has custom coachwork from J. Gurney Nutting & Company Limited, is owned by The Honorable Sir Michael Kadoorie of Hong Kong. This is the first time a Bentley has won the Pebble Beach Best of Show since 1965, a fact that makes for a wild coincidence considering Bentley is celebrating its centenary this year, as well.  "The Centennial of Bentley may have played a role in this award, but the 8 Litre is the ultimate W. O. Bentley–era automobile," Kadoorie said, according to a press release. "This is the car that represents Bentley at its finest, and I have been very fortunate to have a car that has this elegance and finish, and that the Pebble Beach Concours feels is worthy." In other awards news, a 1938 Talbot-Lago T150C-SS Figoni & Falaschi Teardrop Cabriolet won Most Elegant Convertible, a 1950 Alfa Romeo 6C 2500 Ghia Supergioiello Coupe won Most Elegant Closed Car, a 1929 Rolls-Royce Phantom I Brewster York Roadster won Most Elegant Open Car, and a 1956 Ferrari 250 GT Zagato Berlinetta Speciale won Most Elegant Sports Car. The Pebble Beach Concours live streamed a good portion of the sunny festivities, and we've included it below. Scroll to about the 3:27 mark to see the best-of-show presentation that capped off the day.