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Lamborghini and Bentley may hold off on SUVs so VW can conserve cash

After surveying the European economic scene, Volkswagen may have decided now is not the time to launch utility vehicles with Bentley and Lamborghini badges. Bentley officials say they will continue to push for support for the EXP 9 F and Lamborghini CEO Stephan Winkelman has said planning for the Urus will continue until VW tells it to stop.
That decision could come on November 23, when VW's board will vote on the company's budget for equipment, factories and vehicles. With VW's sales slowing and the Euro economy slumping further, some industry watchers say the company is more likely to build its cash reserves than to introduce super-expensive luxury SUVs or crossovers.
"Such vehicles are anything but obligatory during a crisis," says Frankfurt-based Equinet AG analyst Tim Schuldt in a new Automotive News Europe story. "Delaying their launch would be no drama but help save costs."

Volkswagen Group names Paefgen head of classics program

You may remember the name Franz-Josef Paefgen. Until recently, the German engineer and executive was head of both Bentley and Bugatti. Before that he was chief executive of Audi, after working for several years at Ford. He technically "retired" earlier this year, but like the cars he helped create, an executive like Paefgen could never really retire. So it should come as little surprise that the Volkswagen Group has named Dr. Paefgen head of its Classic program.
In his new capacity, Paefgen will oversee the historic automobile activities of the entire VW Group, including those of Volkswagen, Seat, Skoda, Audi, Lamborghini, and of course Bentley and Bugatti. It strikes us as a suitable semi-retirement for the man responsible in no small part for the Bugatti Veyron and Bentley Mulsanne, to name just two, and who was decorated in 2006 by the ACO as the "Spirit of Le Mans" for his contribution to endurance racing. Read the official announcement after the break.

Bentley Continental GT Speed Convertible photos hit web early

It was Indiana Jones and that whole ark episode that gave us the best example of what happens after leaks: once you break the seal, all hell breaks loose and there's no way you're putting it back. We aren't sure who lifted the lid, but official photos of the 2013 Bentley Continental GT Speed Convertible showed up on Flickr last week, and so here we are presenting them to you.
If it follows the Bentley playbook as the last GT Speed - and we have no reason to believe it won't - beyond the lack of a top there won't be much difference between it and the coupe than a few minor numerals. There will be a W12 in front with 616 horsepower and 590 foot-pounds of torque running through an eight-speed transmission, and the dash from standstill to 60 miles per hour will clock in somewhere around four seconds. That's some 21-inch rolling stock setting up the stance, and unless it's gotten slower than the last GT Speed, ultimate velocity with the top up should be at least 200 mph.
It will be undeniably fast. As for the paint, you can make up your own minds about that while you peep its angles in the high-res gallery. We'll find out the rest when the world's purplest droptop is revealed at the Detroit Auto Show.