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If VW defaults on loans it may sell Bentley or Lamborghini

If something goes catastrophically wrong with Volkswagen Group's recent $21 billion loan, brands like Bentley or Lamborghini could hit the auction block. According to two insiders to Reuters, the beleaguered German automaker agrees with its creditors to sell assets if the company somehow can't pay back the debt in a year. One of these anonymous people claimed the company hasn't yet deliberated over what to sell. However, the sources were willing to speculate that the power engineering portion of Man could be among the first to go. "Volkswagen may also consider divesting luxury car brands Bentley and Lamborghini or motor bike brand Ducati, although these units don't really move the needle," an insider said to Reuters. VW Group negotiated with the banks earlier this week to get the massive loan. The cash is necessary as a buffer in case the automaker doesn't have enough money on hand to repair vehicles or settle upcoming fines. VW would reportedly issue bonds in the spring to begin paying the debt. The company's bills will start racking up quickly in the new year. German authorities mandate a recall there in early 2016, and repair campaigns in the US for the 2.0- and 3.0-liter diesel engines are inevitable. There are also hundreds of class-action lawsuits to settle. The company needs to resolve its CO2 emissions scandal in Europe, too. In response to these financial threats, VW management created a cost-cutting plan to slash the research and development budget by $1.1 billion next year.

Watch a Bentley Continental GT Speed hit 206 mph in Australia

The top speed listed on most cars is usually a rather theoretical affair. After all, where can you actually drive a car to its v-max, anyway? Well there are a few highways in the world – and really only a few – that will let you drive as fast as you can. One of them is in the Australian outback, so that's where Bentley took its new Continental GT Speed. The road in question is called the Stuart Highway. It's a 1,761-mile road which runs across the continent from Darwin in the north to Port Augusta in the south. That's about the same distance as driving from New York to Denver. Only unlike any of the highways you'd take to drive across America, the Stuart Highway has one long stretch of 120 miles between Alice Springs and Barrow Creek that is completely derestricted, and has been for the past two years since local authorities set about trying out removing the speed limit. To see how fast the new GT Speed could actually go in the real world, Bentley put Aussie touring car champion John Bowe behind the wheel and let 'er rip. The result is a top speed clocked at 206 miles per hour. That's pretty darn fast for any car, let alone one that weighs a massive 5,000 pounds. Its 6.0-liter twin-turbo W12 engine contributes significantly to that curb weight, but with 626 horsepower and 607 pound-feet of torque on tap, it also has the muscle to keep the Conti pulling like a freight train all the way up past the double-century mark. Watch it unfold in the video above. BENTLEY CONTINENTAL GT SPEED: VMAX IN THE OUTBACK - Continental GT Speed hits 206 mph (331 km/h) top speed on Stuart Highway, Australia - Northern Territory route one of only three derestricted roads in the world - Australian racing legend, John Bowe, takes Grand Tourer on extraordinary high-speed run - Continental GT Speed combines supercar performance with supreme luxury (Crewe, 04 November 2015) The 16MY Bentley Continental GT Speed has been taken to its top speed of 206 mph (331 km/h)* by Australian racing legend, John Bowe, on the derestricted Stuart Highway** deep in the Northern territory. The 635 PS (626 bhp), 820 Nm (607 lb.ft) W12-powered GT Speed Grand Tourer reached Vmax in just 76 seconds, covering a distance of 9.4 kilometres in the process. At top speed, the 6.0-litre twin-turbo Grand Tourer was covering a staggering 92 metres (or one football pitch) per second. John Bowe said: "This isn't a modified racecar; it's a luxurious grand touring road car fresh off the production line.

Bentley doubles down on diesels with a triple-charged Bentayga

Volkswagen Group isn't totally giving up on diesels. While its flagship VW brand is clearly tarnished, the ultra-luxury Bentley division just revealed plans for its first oil-burner, a triple-charged 4.0-liter V8 that produces 429 horsepower and 664 pound-feet of torque. If the powertrain sounds familiar, that's because it's the same one found in the Audi SQ7 TDI. It's a clever system capable of giving what Bentley claims as the world's fastest diesel SUV a top speed of 168 miles per hour and a zero-to-62 mph time of 4.8 seconds. The SQ7 TDI can get to 62 mph in the same time, but is electronically limited to 155 mph, because it wouldn't make sense if the cheaper SUV could outperform the much more expensive one. The Bentayga also emits the lowest CO2 output of any Bentley and has a range of over 621 miles on one tank. Despite having a curb weight of 5,269 pounds, Bentley claims the Bentayga can get a combined rating of 35.8 mpg on the European cycle. The Bentayga Diesel may not be as powerful or as fast as the W12-powered model, but it's a lot more fuel efficient as the latter achieves a combined rating of 21.6 mpg on the European cycle. Other than the new engine, the Bentayga diesel is nearly identical to its gasoline-powered twin except for some discreet "V8 Diesel" badges on the front doors, a new exhaust outlet design, and a black grille. A Bentley spokesperson confirmed that the Bentayga diesel would not be sold in the US. And since Bentley won't be at this year's Paris Motor Show, don't get your hopes up on spotting the vehicle there. The diesel-powered SUV will go on sale in Europe early next year, which will be followed by its release in Russia, South Africa, Australia, New Zealand, and Taiwan. Pricing for the SUV has not been announced yet. Related Video: Featured Gallery 2018 Bentley Bentayga Diesel View 20 Photos News Source: BentleyImage Credit: Bentley Green Audi Bentley SUV Diesel Vehicles Luxury Performance bentley bentayga