2015 Bentley Continental Gt V8 S 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 Continental has come a long way in 63 years

Ever wonder why Bentley calls its coupe the Continental? We'll give you a hint: it's not because it comes with orange juice and a breakfast roll. It's because the coupe was designed to traverse entire continents in speed and comfort. And it has been doing that for 63 years now. The fastest four-passenger vehicle of its day, the original Bentley R-Type Continental is considered to be the world's first grand tourer. The Continental was based on the R-Type saloon, retaining its 4.6-liter inline-six but replacing the four-door bodywork with an altogether more elegant, dynamic form. The two-door bodywork was crafted by H.J. Mulliner & Co, whose name still adorns Bentley's customization department, and whom parent Rolls-Royce favored over its usual Park Ward for its pioneering skills in lightweight construction. The result was a vehicle that could sweep along the highways constructed in post-war Europe with ease and grace at speeds up to 120 miles per hour. Of the 2,000+ R-Types that Bentley made in the early 1950s, only 208 were Continentals, making it one of the most sought-after Bentleys of all time – and one of the most beautiful. It's that spirit which the company aims to carry forth with its namesake, the latest Continental GT Speed, which stands as the fastest production model Bentley has ever offered. Of course it's not just on the road where Bentley forged its reputation, but on the racetrack as well. That history stretches back to the famous Birkin Blower that won at Le Mans in 1930 straight through to the Continental GT3 that scored podium finishes at Paul Ricard and the Nurburgring this year. Watch the video above and scroll through the galleries below to see Bentleys old and new come together and demonstrate the heritage that they're always crowing about in Crewe. BENTLEY CONTINENTAL: EVOLUTION OF AN ICON - New film features 16MY Continental GT Speed and R-Type Continental - Traces the DNA and design of the Continental from 1952 to present - 16MY GT Speed is the fastest production car ever made by Bentley (Crewe, 16 December 2015) The Bentley Continental GT is one of the most iconic cars on the road today. The Continental name first entered the company's lexicon in 1952 with the R-Type Continental – arguably the world's first Grand Tourer. With a top speed of 120 mph it was the fastest four-seater in the world at the time of its launch.

Kia EV6, Nissan Frontier, Range Rover and VW Taos | Autoblog Podcast #738

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined byYahoo Finance Senior Reporter Pras Subramanian. First, they discuss the cars they've been driving, including the Kia EV6, Nissan Frontier, Land Rover Range Rover and Volkswagen Taos. Then they discuss the state of certain brands like Bentley, Ferrari and Polestar. They also talk about the most recent quarterly sales updates, including what's going on with Tesla in China. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #738 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving: 2022 Kia EV6 2022 Nissan Frontier 2022 Land Rover Range Rover 2022 Volkswagen Taos The state of Bentley, Ferrari and Polestar Q2 sales trends Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video: 2022 Kia EV6 walkaround at the 2021 Chicago Auto Show