Bentley Continental Gt V8 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

2020 Bentley Continental GT V8 Second Drive Review | The leathery lap of luxury

BIRMINGHAM, Mich. — I came home from Florida, unpacked, and was treated to a snowstorm the day after my vacation. As I sat in the office, watching the white stuff come down harder and harder, Autoblog Editor-in-Chief Greg Migliore started asking questions. “Is the Bentley in the basement?” he asked, referring to the $280,000 Continental GT V8 that I was supposed to drive home that evening. Later, “What kind of tires are on the Bentley?” I wasnÂ’t too nervous yet. It was on all-seasons, and was equipped with all-wheel drive. After more hours of blowing snow, he said to me, “If you want to punt on driving the Bentley until the weatherÂ’s better, thatÂ’s fine.” Punt I did, taking the 2020 Toyota 4Runner TRD Off-Road Premium home that night instead. The next day, after the plows, salt trucks and sunshine had done their thing to the roads, I finally got to scratch the Bentley itch that had been nagging me since I had landed in Detroit. I grabbed the weighty key fob, Autoblog Associate Producer Alex Malburg grabbed a camera and mic, and we headed down to the basement together to film the video you see above. Opening the door to the 2020 Bentley Continental GT V8 greets you with a big white “B” illuminated on the ground from the puddle light, surrounded by a yellow circle. I don't recall seeing another multi-colored puddle light before, but IÂ’ll remember this one. We got in the Bentley, fired it up, and gingerly crept out of the basement garage. Before exiting, I made sure to give the car a few revs, but there wasnÂ’t much to hear from inside the cabin. Despite the lack of volume, the 4.0-liter V8 is potent. With 542 horsepower, itÂ’s just shy of the 552 horses of the original Conti GTÂ’s W12, and it out-torques it at 568 pound-feet. Helping to motivate it is a pair of twin-scroll turbochargers. As Alex and I took the Bentley for a cruise down Woodward Avenue, I got to test its straight-line acceleration at stoplight after stoplight. Despite the BentleyÂ’s 5,000-pound curb weight, itÂ’s brisk, but also smooth. ThereÂ’s no noticeable turbo lag as it motivates itself toward extralegal speeds. Bentley claims itÂ’ll do 0-60 in 3.9 seconds. There was no way IÂ’d get this thing anywhere near its 198-mph top speed. 2020 Bentley Continental GT V8 First Edition View 24 Photos The big V8Â’s sound doesnÂ’t intrude inside. ThereÂ’s no constant drone, and you only really hear it when you get on the gas.

Salvage team boards burnt ship Felicity Ace off Azores, towing begins

LISBON — More than a week after a ship packed with around 4,000 vehicles, including Porsches, Audis, Lamborghinis and Bentleys, caught fire in the middle of the Atlantic Ocean, a salvage team managed to board the vessel on Friday and started to tow it to a safe location off the Portuguese Azores archipelago. In a statement, ship manager Mitsui O.S.K. Lines Ltd (MOL) said the Felicity Ace remained stable, and the smoke that for days billowed from the vessel, adrift around 170 km southwest of the Azores, had stopped. The 22 crew members of the Panama-flagged Felicity Ace, which was carrying around 4,000 vehicles including Porsches, Audis and Bentleys from Germany to the United States, were evacuated last Wednesday, the day the fire broke out. Some of the vehicles are electric and their lithium-ion batteries have made the fire very difficult to extinguish, port officials have said. Previous attempts to board the ship to assess its condition and start preparing it for towing had failed due to the fire and rough seas. On Friday, the team was able to board by helicopter and the salvage boat Bear started towing the vessel to a "safe area off Azores," the ship manager said. It was not clear where exactly the vessel was being towed to. It was being escorted by two tug boats and another salvage craft equipped with firefighting gear, MOL said. Related video: Image Credit: Portuguese Navy (Marinha Portuguesa) via Reuters Green Weird Car News Audi Bentley Lamborghini Porsche Electric fire car fire shipping cargo ship