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Bentley confirms SUV for 2016

It looks like the addition of a Royal Baby isn't the only big news coming out of the UK this week. Bentley has ended all of the will they/won't they speculation by confirming today that it will produce an SUV. Earmarked to go on sale in 2016, the as-yet unnamed Bentley SUV will help create an extra 1,000 jobs in the UK.
While no concrete details have been released, Bentley says that it will be the "most luxurious and most powerful SUV" on the market. Past rumors have indicated that the SUV could look completely different from the 2012 EXP 9 F Concept shown above, be renamed the Falcon and offer options like a plug-in hybrid version and three-row seating. To prepare for a fourth model in its lineup, Bentley will be investing 800 million British pounds (around $1.2 billion USD) into its Crewe headquarters and production lines over the next three years. Scroll down for Bentley's press release officially confirming the new SUV.

Bentley plotting rear-drive Continental GT3-R?

Coupe, convertible or Flying Spur sedan: no matter what body-style you get, or what engine you specify, the Bentley Continental comes with all-wheel drive. It's been that way since the model line was first introduced a dozen years ago. But that looks poised to change... at least for one notable exception. According to Autocar, Bentley is all but certain to launch a rear-drive version of the Continental GT3-R sometime next year, ditching the front half of the drivetrain to cut a good 440 pounds off the curb weight to make it the lightest Conti yet. The Continental GT3-R launched last year with less weight and more power, along with a stiffer suspension, upgraded brakes and a titanium exhaust. It drew its inspiration from the Continental GT3 racer, but unlike the competition version, kept the AWD drivetrain in place. "A lot of people expected the GT3-R to be a proper rear-wheel-drive sports car," Bentley's chief engineer Rolf Frech said to Autocar, "but the problem was timing. We needed the car at the end of the first season of our GT3 racing car, and to do a proper change of the complete powertrain needed longer than we had. But we have the concept in our mind, so why not?" Denuded of its all-wheel drive, the Conti GT3-RS – assuming Porsche doesn't mind lending the name to its sister company – would be the most hardcore version of the go-to luxury coupe, and would promise to cut its already blitzkreig 3.6-second 0-60 time down even further. Especially if the 4.0-liter twin-turbo V8 were tuned to deliver even more than the 572 horsepower and 516 pound-feet of torque it already kicks out in the existing GT3-R. Chances are it'd be even less accessible, though: the 99 examples of the Conti GT3-R that are coming to the States out of the 300 total to be made already carry a $337k sticker price, and the rear-drive model would likely push the production:price see-saw even higher to the right.

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.