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If VW defaults on loans it may sell Bentley or Lamborghini

If 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 Bentayga V8 Design Series embraces the darkness

It is a truism that designers love the color black, and the hue features prominently in the Bentley Bentayga V8 Design Series. Outside, the Design Series comes standard with the Bentayga's optional Blackline package, which includes black trim, black exhaust outlets, and a body-color lower front fascia. The Design Series also gets a special set of seven-spoke Paragon alloy wheels in dark gray. In a trick seen also on — ahem — Rolls-Royce, the wheels feature self-leveling center badges, which means the "B" is never at an incorrect angle. Designers hate that. While the exterior is offered in colors other than black, the interior comes exclusively in black (Bentley's "Beluga"), but with a contrasting accent color — red, orange, white, or blue — that runs across the dash and on the sides of the center console. It is also seen in the seat leather perforations and in the binding of the deep-pile floor mats. Carbon-fiber trim on the dashboard and door panels has a special diamond-weave pattern, while gloss-black center console trim provides still more blackness. A Breitling clock in the dash is not black — it has a mother-of-pearl face. Other included goodies are "Comfort" seats, door sills with an illuminated "Bentley" treadplate, and drilled-alloy pedals. The Design Series is exclusive to the eight-cylinder Bentayga, which is powered by a 542-hp V8. We'd say that buyers of the 12-cylinder model or the Bentayga Hybrid are out of luck but they can probably lean on Bentley's Mulliner in-house customizing operation to approximate something close. But then, if you're going the full Mulliner route, why not get a little more imaginative? Maybe with something like the Bentayga for falconry or this paean to fly fishing? Just be sure to spec those self-leveling wheels — after all, one's B should always be upright.

'Rich Kid of Instagram' victim of supercar arsonists

A 19-year-old in the UK is smarting after the possibility that his prolific social media use may be at the heart of four family-owned supercars going up in flames in barely a week. Aleem Iqbal has thousands of followers on Twitter and Instagram paying attention to his frequent posts about the high-priced cars he's driving. He's even been featured on the Tumblr page Rich Kids of Instagram. It appears that some people might not be so smitten with him, though.
According to his Twitter profile, Iqbal owns Platinum Executive Travel, a luxury car rental company in the England, and UK newspaper The Telegraph claims the company is also owned by Iqbal's father. On June 6, cameras caught three hooded men setting fire to a Lamborghini Aventador Roadster leased by the company for a wedding. A few days later, two Audi R8 Spyders and a Bentley Continental Flying Spur from Platinum also got the torch, and two men were caught on camera setting the blaze. Nobody was hurt in either of the attacks, and the Aventador appeared to be repairable with the fire causing most damage to the passenger seat and dashboard. Police are still investigating both of the crimes.
According to The Telegraph, Iqbal believes that the arsons could have stemmed from jealousy towards him and his family's business. Regardless, setting fire to a bunch of cars that are likely insured isn't a great way to show displeasure.