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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 Bentayga Field Sports by Mulliner is the perfect SUV for rich hunters

Though it's primarily used for wagon versions of two-door cars now, the term " shooting brake" originally referred to a vehicle that was used for people to go out hunting and shooting. As such, the new Bentley Bentayga Field Sports by Mulliner is a literal shooting brake, as it's been customized for hunters. Bentley and Mulliner received assistance from ultra-custom gun manufacturer Purdey to help design this Bentayga to be useful for hunters. The results are centered around additional storage. In the cargo area, there's now a large sliding storage unit that contains several compartments that can house all variety of supplies from first-aid kits to additional rounds of ammunition. Of course since this is a Bentley, there is plenty of focus on luxury as well, hence the quilted leather interior, and the space for champagne flutes and your choice of high-class alcohol. In addition to the main storage, there's an additional locking case for a pair of guns. This case is also leather-covered, and it fits in a space between the rear seats. It seems that this special Bentley is currently just a one-off. But we suspect that if there's enough demand, Bentley might consider offering these options. If Bentley does go through with creating hunting variants for customers, we'd like to make a few suggestions to improve on the design. First off, Bentley has prominently featured a hunting dog in the promotional photos. Anyone with dogs knows that when they're outside, they're at risk for tracking in dirt and mud. That's not something you'd want in your leather-clad six-figure Bentley. So perhaps Bentley should consider some kind of cover, like what came with the Honda Element Dog Friendly Edition but fancier, or even custom rear seat storage for the dog. It could even feature a hose and drier for cleaning up your dog, similar to the Nissan Rogue Dogue. And, though the storage solution that Bentley, Mulliner and Purdey came up with is quite nice, they could go a step further, such as with Bentley's own Bentayga for falconry, or the Holland & Holland Range Rover. The former featured beautiful cork chests in the back for storage, and a custom wood inlay dash. The latter also came with a lovely wood cabinet for guns and liquor, but on top of that, buyers would get free refills on liquor. Those are seriously luxurious features, and would be perfect for a hunter's Bentayga. Feel free to use these ideas, Bentley.

Bentley celebrates its founder with the Mulsanne W.O. Edition by Mulliner

July 10, 2018, marked the beginning of Bentley's centenary celebration. We can look forward to a year of commemorations, starting with the Mulsanne W.O. Edition by Mulliner, limited to 100 units. The sedan, available in standard, long-wheelbase, and Speed versions, celebrates founder Walter Owen Bentley and his 1930 8 Litre. The founder's personal car, the last vehicle he designed for his company and the second example off the production line, wore a coachbuilt body from Henry Jervis Mulliner & Co. That's the same Mulliner firm that personalizes Bentleys to this day. Walter Owen didn't get to enjoy his "ultimate expression of automotive engineering" for long; financial troubles forced him to sell it in 1931. Bentley bought the 8-Litre in 2006, and part of the "sympathetic" restoration meant replacing the crankshaft. That crank is the central feature of the W.O. Edition Mulsanne: Bentley cut the crankshaft into 100 pieces, and will place each piece inside a custom, illuminated cocktail cabinet in the rear quarters of the 100 special Mulsannes. Four different woods and aluminum create a marquetry scene that frames a glass display with the emblematic crankshaft. Around that, the show vehicle gets Heritage Hides in Fireglow, with Beluga details and stitching, Dark Stain Burr Walnute veneers, and Fireglow lambswool carpets. The exterior's drenched in Onyx, with Beluga Black wheels, accessorized by a chrome hood strip, optional chrome grille and surround, and discrete special edition badging. Customers can, naturally, option their own W.O. Edition Mulsannes any way they wish. Bentley's chosen to skip Goodwood as the reveal of this particular treat. The public unveiling comes on our shores, at next month's Monterey Car Week, on Aug. 24. Related Video: