12 Bentley Mulsanne 4,800 Miles Cpo Car Rear Camera Adaptive Drive Premium Sound on 2040-cars

Auto blog

Matthias Muller officially named VW Group CEO

While the vast number of rumors made it seem like a foregone conclusion, Porsche boss Matthias Muller has officially been named Volkswagen Group CEO to replace the recently resigned Martin Winterkorn. His contract runs through the end of February 2020, and until a replacement is found, Muller also gets to hang onto his old job as chairman of Porsche. At the same time, the VW Group Supervisory Board is announcing a massive structural reorganization across the entire company, with the new management model in place by the beginning of 2016. Contrary to previous rumors, Michael Horn remains as President and CEO of VW Group of America. The board wants a greater emphasis on brands and regions going forward, and the scale of this shift can be seen in the US. On November 1, VW Group business in the US, Mexico, and Canada is being combined under the leadership of current Skoda chairman Winfried Vahland. However contrary to previous rumors, Michael Horn remains as President and CEO of VW Group of America. Other brands are also seeing some significant changes mechanically. Porsche, Bentley, and Bugatti now fall under the Group's "sportscar and mid-engine toolkit." This means that the brands will start sharing standardized technical parts. A Chief Technical Officer across all of the company's brands will also start working toward future innovations. The new brand-centric view means the end of a group-wide production department. "Going forward, the brands and regions will also have greater independence with regard to production. So it follows that they should also hold the responsibility for these activities," Berthold Huber, interim Chairman of the Supervisory Board, said in the announcement. In a statement with the press release about his promotion, Muller promised to turn the company around after such an international crisis. He said: "My most urgent task is to win back trust for the Volkswagen Group – by leaving no stone unturned and with maximum transparency, as well as drawing the right conclusions from the current situation. Under my leadership, Volkswagen will do everything it can to develop and implement the most stringent compliance and governance standards in our industry." Matthias Muller appointed CEO of the Volkswagen Group Muller remains Chairman of Porsche AG until a successor has been found Matthias Muller (62) has been appointed CEO of Volkswagen AG with immediate effect.

2015 Bentley Continental GT3-R First Drive [w/video]

Racecars break. F1, NASCAR, IndyCar, GT3 – you name it – every go-fast machine built for the track is living on borrowed time. So it wasn't a complete surprise when, after traveling halfway around the world to drive Bentley's Continental GT3 racecar, the darn thing unceremoniously blew its rear differential on someone else's hot lap. While mentally recalibrating to the idea that my only takeaway from the three day commitment might be frequent flier miles, I realized an alternate vehicle on hand could make the trip worthwhile: the roadgoing, not-so-evil twin to the all-out race machine, the 2015 Bentley Continental GT3-R. You can hardly blame Bentley for the failure to proceed. The Flying B has been performing swimmingly well in the Blancpain Endurance Series, scoring three wins in its debut season and racking up a respectable 2015 so far. The dropped, spoilered, and severely trimmed-down GT3 racer reflects a ruthless abandon of all things luxurious and civilized. Over 50 ECUs were ditched from the road car; the doors alone, which typically weigh a lofty 125 pounds apiece, have been trimmed down to a wispy 15. Yes, the race version is a fearsome, sexy beast – and yes, this was quickly proving irrelevant because that drive was simply not meant to be.The Next Best Thing It's hard to call a $339,725 exotic a consolation prize. Climbing into the roadgoing GT3-R reveals a dramatic departure from the standard issue Conti: Not only is the color scheme unexpected (acid green on black and grey), so is the choice of materials (carbon fiber, Alcantara, not an inch of wood veneer in sight). Some pesky legacy remnants remain (antiquated navigation system, some weirdly pedestrian VW-sourced buttons and switches), but there's also a smattering of sweet details (those famous organ stop air vents, the green center indicator on the steering wheel, the pleasantly gripped Alcantara shifter). In all, 300 examples are being built, 99 of which are destined for the US. Unlike the somewhat sonorous GT V8 S upon which it's based, the GT3-R's titanium exhaust enables an even more exuberant, unapologetic, voluminous roar. Those exhaust gases are summoned from the 592-horsepower, 553-pound-foot, twin-turbocharged 4.0-liter V8, which gains 71 hp and 51 lb-ft over the V8 S model it's based on.

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.