2013 Bentley Continental Gt Mulliner W12 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 reveals One-of-One Continental GT Speed at The Quail

Monterey Car Week is the place and time to debut super-rare, exclusive vehicles, and the Bentley Continental One-of-One GT Speed is precisely that. This single Continental GT Speed was made to celebrate 20 years of the Continental GT, which started production in 2003. The very first one off the line (pictured alongside the new car here) was painted in Cypress Green paint, had Saddle leather upholstery and Burr Walnut wood trim. So of course, this 2023 GT Speed is finished in Cypress Green paint, features Saddle leather upholstery and Burr Walnut trim. However, Bentley enhanced the new one to make it appear even more special. The Saddle leather is broken up with “Special Green” accent hides, and contrast stitching is done in the same green throughout. Plus, there is both glossy and open-pore wood trim instead of the single type to jazz things up further. To call this out as an especially unique Continental GT Speed, it also gets sill plates that read “20 years of the Continental GT by Bentley Mulliner.” YouÂ’ll also see outlines of the 2003 and 2023 Continental GTs on the center console, dash trim and outer door sill. And lastly, “One of One by Bentley Mulliner” is etched into the cupholder cover alongside a wheel. As youÂ’d expect, this particular car has pretty much every package and option one can spec for the Continental GT Speed. And because itÂ’s the Speed, it has the W12 engine and all the other performance goodies that go along with it. Bentley says the car was handed over to its owner at The Quail, A Motorsports Gathering. Related video:

High-end Bentley Bentayga Apex adds weight-saving carbon goodies, plus nice pinstripes

  Bentley is going on a carbon binge, by introducing the Bentayga Apex Edition, developed by its in-house Mulliner bespoke division and advertised as the Ñ’most dynamic-looking and driving Bentayga ever.Ò’ What’s novel about this crossover, which will be limited globally to only 20 units, is its reliance down low on lighter-weight carbon: 22-inch carbon rims that save a significant six kilograms each in unsprung mass over the standard items. And slotted behind those wheels, a set of carbon silicon discs, which Bentley says can offer improved braking performance, survive temperatures of up to 1,000 degrees, and shave another 20 kilos of weight compared to iron rotors. By employing weight reduction materials, the luxury British brand claims the Apex models achieve improved steering agility — that a carbon wheel does not flex on the road — as well as better braking response and less tire wear. As far as fashion elements for the limited-edition Apex, well-heeled customers will be able to choose from six ‘curated themes by Mulliner,” including Extreme Silver with Beluga stripe and Signal Yellow pinstripes, Pale Brodgar with Anthracite stripe and Bacalar bronze pinstriping, and Alpine Green with matching stripe and orange pinstripe. WeÂ’re especially enticed by Theme 1, comprised of an exterior in Candy Red satin, with a livery of Anthracite and Arctic White stripe and pinstripes in Arctic White. Bentley describes the interior thusly: “Arctic White main hide and Hotspur secondary hide are complemented by Arctic White contrast stitching and seat piping. This contrast colour can also be found framing the satin carbon fibre fascia and waistrails.” Design aside, the Apex Edition is based on the Bentayga S, which houses a 550-horsepower twin-turbo V8 with a top speed of 180 mph, with rear axle steering and active anti-roll technology. Most drivers would probably be satisfied with the common S model, which retails at a starting price of about $220,000. No pricing or availability for the Apex editions have yet been announced.