1988 Bentley Mulsanne S on 2040-cars

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Volkswagen profit jumps as it warns of a cooling auto market

FRANKFURT, Germany — Volkswagen says its profits jumped 44% in the third quarter thanks to a more profitable mix of vehicles in its lineup but warned that global car markets are slowing more than expected and lowered its forecast for annual sales. After-tax profit rose to $4.42 billion (3.98 billion euros) as revenues rose 11% to $68.27 billion (61.42 billion euros). The sales margin of 7.8% exceeded the goal of 6.5-7.5% as vehicles bringing higher profits took a larger share of sales. The Wolfsburg-based automaker pointed to the headwinds facing the industry by saying that it expects "vehicle markets will contract faster than previously anticipated in many regions of the world." It said sales would be "on a level" with last year's record of 10.8 million vehicles. Previously it had expected a slight increase. The company said its profits would be in the lower end of its forecast range. Global automakers are facing a slowdown in sales amid disputes over trade and from pressure in the European Union and China to develop and sell low-emission vehicles that require heavy investment in new technology. Ford and Renault have issued profit warnings in recent days, while Daimler, maker of Mercedes-Benz luxury cars, lost money in the second quarter and is expected to outline a cost-cutting strategy for investors on Nov. 14. Volkswagen is leading the push into electric vehicles in Europe by launching its ID.3 battery-powered compact car at prices it says will make zero local emission vehicles a mass phenomenon. The company was able to increase earnings in the quarter despite an 18% rise in spending on research and development.

VW Group plan puts Porsche in charge of a 'super-premium' division

An Automobile report looks into what's happening on the organizational and technical sides of the Volkswagen Group, and what those changes could mean for the premium brands. The wide-angle view is that Porsche appears to have been anointed to "coordinate the future activities" at Audi, Bentley, Bugatti and Lamborghini. Audi would cede Lamborghini guardianship to Stuttgart, and Ducati — via a new concern called Ducati Enterprises — would become the shepherd for VW's other Italian investments. Executives target Jan. 1, 2019, to complete the reshuffle. VW wants to save a boodle by tying up four of its five top-tier brands, and putting the one with the highest ROI in charge. Porsche, within its own house, wants to reduce expenditures by $2.3 billion per year over for four years, the savings already earmarked for improving internal processes like R&D and production. Having Porsche share those gains as well as lead development of platforms, components and future-tech strategies for the sister sports car brands could benefit everyone. In the near-term, the brands have their own plans: Bugatti CEO Stephan Winkelmann is said to want a Chiron Superleggera, a roofless and "completely reskinned" Chiron Aperta, and a track-only Chiron SS. The Superleggera could take the Chiron Sport's and Divo's Jenny Craig routines even further. The Aperta seems a natural successor to the Veyron Grand Sport, a natural evolution of the recently introduced Sky View roof, and a reskin might include numerous Divo cues. It's also said Bugatti's considering "an all-electric high-end model" in conjunction with Porsche, Rimac, and Dallara, but name one supercar or hypercar manufacturer that isn't considering a lightning-fast EV. Lamborghini, deep into work on follow-ups for the Huracan and Aventador, might get a bit of a bump with the new plan. The carbon "monofuselage" for the next V12 flagship is said to be too far developed and too complex to scrap. It puts two electric motors on the front axle, batteries in the middle, and a naturally aspirated V12 with around 770 horsepower plus another e-motor with 402 horsepower in back. The Huracan is said to get a version of the same carbon architecture at the moment, but the corporate reorganization might press pause on it. Automobile says options include continuing the Huracan/ Audi R8 twinning, but that depends on Audi saying "Ja" to a third-gen R8 with Lamborghini bones.

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.