2006 Bugatti 16.4 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.

Bugatti evaluating a trio of Veyron successors

Bugatti is nearing the very end of its Veyron production run with only around 15 of the supercars reportedly left to be sold of the 450-car total. With so few remaining, the supremely posh automaker is already deep into development discussions of a successor, but it doesn't seem that the company has a final design in mind quite yet.
According to two unnamed insiders speaking to Bloomberg, Bugatti is evaluating at least three concepts for the Veyron's successor. They claim that the new model will be lighter than the current one with an engine capable of producing about 1,500 horsepower. Also, at least one of these prototypes is using an electric motor for additional boost.
These latest leaks lend further substantiation to the circulating rumors about Bugatti's future. One earlier report claimed that the hypercar would use a modified version of the current 8.0-liter quad-turbo W16, possibly with direct injection, electrically powered turbos and an additional electric motor to boost the top speed to around 286 miles per hour. Also, two prototypes (pictured above) were spotted testing at the Nürburgring earlier this year, and one of them wore an odd contraption on its back. Other speculation indicated the new model would reportedly be called the Chiron, a reference to a famous Bugatti racing driver and the name for one of the company's concepts that previewed the Veyron's shape.

Wolfgang D?rheimer retakes the reins at Bentley and Bugatti

Wolfgang Dürheimer is still in play, with Bentley Motors announcing that he will return to the Chairman and CEO slot of the English company and French division Bugatti on June 1, 2014. He'll probably remember those chairs from the last time he filled them, since he was promoted to both positions in 2010 and remained there until September 2012, when he was installed as the head of R&D at Audi. That job only lasted until June of 2013, his nine-month tenure reported to be full of corporate drama that lead to his dismissal from the position.
But as if on gardening leave, he's been in the low-profile position of General Representative of the Volkswagen Group responsible for motorsport. Once back at Bentley, he will take over as the company works on getting its SUV to market and expanding its range. Both of those briefs Dürheimer will know well, having proved his ability at Porsche in the first decade of the new millennium. And even though no longer at Audi, his hybrid days don't appear to be over, as Bentley recently announced that it will hybridize of 90 percent of its lineup.
Dürheimer will also take on a third position, joining a VW Group committee focused on the US and Chinese markets. His successor at Bentley and Bugatti, Wolfgang Schreiber, has been promoted to "a leading position within the Volkswagen Group." There's a brief press release below with the official words.