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Coronavirus prompts VW to stop production throughout Europe

FRANKFURT — Volkswagen Group, the world's biggest carmaker, is suspending production at factories across Europe as the coronavirus pandemic hits sales and disrupts supply chains, the company said on Tuesday. The German carmaker, which owns the Audi, Bentley, Bugatti, Ducati, Lamborghini, Porsche, Seat and Skoda brands, also said that uncertainty about the fallout from coronavirus meant it was impossible to give forecasts for its performance this year. "Given the present significant deterioration in the sales situation and the heightened uncertainty regarding parts supplies to our plants, production is to be suspended in the near future at factories operated by group brands," Chief Executive Herbert Diess said on Tuesday. Volkswagen's powerful works council concluded it was not possible for workers to maintain a safe distance from each other to prevent contagion and recommended a suspension of production at its factories from Friday. Production will be halted at VW's Spanish plants, in Setubal in Portugal, Bratislava in Slovakia and at the Lamborghini and Ducati plants in Italy before the end of this week, Diess said. Most of its other German and European factories will prepare to suspend production, probably for two to three weeks, while Audi said separately it would halt output at its plants in Belgium, Germany, Hungary and Mexico. Volkswagen's vast factories in Chattanooga, Tennessee, in Puebla, Mexico, and plants in Brazil were not affected, but that would depend on how the coronavirus spreads, VW said. Volkswagen has 124 production sites worldwide of which 72 are in Europe, with 28 in Germany alone. "2020 will be a very difficult year. The coronavirus pandemic presents us with unknown operational and financial challenges. At the same time, there are concerns about sustained economic impacts," Diess said.   Production in China resumes Volkswagen Group sold 10.96 million vehicles last year, putting it ahead of Toyota based on the latest figures from the Japanese carmaker. Globally, VW employs 671,000 people and it delivered 4.86 million vehicles to European customers in 2019. Only last month the car and truck maker based in Wolfsburg, Germany, predicted that vehicle deliveries this year would match 2019 sales and forecast an operating return on sales in the range of 6.5% to 7.5%. "The spread of coronavirus is currently impacting the global economy. It is uncertain how severely or for how long this will also affect the Volkswagen Group.

Lamborghini could be sold or spun off from the Volkswagen Group

Volkswagen is reportedly considering a sale or stock listing for its high-end Lamborghini brand. The German automaker is looking to fold the Italian supercar brand into a separate legal entity, reports Bloomberg, which cites "people familiar with the matter" who don't want to be identified "because the deliberations are confidential and no decisions have been made." Any of this sound familiar? The goal of spinning off Lamborghini would be to stockpile more cash and other resources for VW's massive planned push into electric vehicles. Back in March, reports circulated that Volkswagen's "Vision 2030" corporate plan might include plans to focus on the brand's core brands — VW, Audi and Porsche. That means the futures of fringe players like Lamborghini, Bentley, Bugatti, motorcycle brand Ducati and design firm Italdesign (and note this isn't a comprehensive list of brand's under the expansive VW Group umbrella) are up in the air. VW, according to the report, is targeting a market value of $220 billion, which is a big jump from the brand's current $89 billion valuation. Bloomberg pegged Lamborghini's valuation at around $11 billion back in August, buoyed by sales and profits generated by the introduction of the Urus sport utility vehicle. On the flip side, Lamborghini is currently grappling with how best to update its supercar lineup in the face of ever-increasing emissions regulations.

Watch a Bugatti Chiron Sport race a French Navy fighter jet

Bugatti is done chasing speed records, but it's finding other ways to demonstrate what the Chiron's mighty W16 engine is capable of. It brought a Sport model to a naval base in France and put it head-to-head against a jet. On paper, the comparison is hardly fair. Driven by Pierre-Henri Raphanel, a former pilot who is now Bugatti's official driver, the Chiron Sport is powered by a quad-turbocharged engine rated at 1,500 horsepower. Made by Dassault, the Rafale jet boasts about 5,700 horsepower, though its dry weight checks in at around 22,700 pounds. And yet, after the flag drops, the Chiron races ahead of the Rafale for the first few hundred yards. Its lead doesn't last long; Raphanel explained the Rafale quickly caught up and took off. Looking at the plane's specifications sheet reveals it begins to leave the ground at 161 mph after sprinting for approximately 450 yards. Once it's airborne, it's gone. It's capable of reaching the speed of sound (Mach 1.6; 1,227 mph). Even with 16 cylinders, the Chiron isn't quite that fast; test driver Andy Wallace set a land speed record in 2019 by driving a longtail model to 304.7 mph. Slowing down both machines is easier said than done. The runway the Chiron and the Rafale raced on was relatively short, so Raphanel began braking at over 217 mph after accelerating for about a mile. The air brake integrated into the rear end helps scrub off speed without undue drama. Landing the Rafale safely requires a complex system that includes 10 pistons, a special anti-skid system, heat shields to protect the wheels, and nitrogen-filled tires. It approaches the runway at about 155 mph and comes to a full stop in around 150 yards. Bugatti brought the recently-introduced Les Legendes du Ciel version of the Chiron to the race. It's a limited-edition model that highlights the little-known link between some of the firm's earliest race cars and aviation with special graphics and specific trim pieces, among other details. While it initially looks like the sketch of a plane on the door panel is all that joins the Rafale and the Chiron, the connection is a little deeper: the jet's brakes were developed by Messier-Bugatti, a company now known as Safran Landing Systems that shares common roots with the carmaker.