09 Bentley Arnage T 12k Miles Cpo Warranty Turbo Mulliner Interior Picnic 07 08 on 2040-cars

Auto blog

Volkswagen posts quarterly profit despite drop in sales

Volkswagen returned to profit in the third quarter as surging Chinese demand for luxury cars helped offset a 1.1% drop in vehicle deliveries due to the pandemic, sending its shares as much as 3% higher on Thursday. The German automaker's return to the black comes amid spiking coronavirus cases in Europe that led governments in France and Germany to order their countries back into strict national lockdowns on Wednesday. "The coronavirus remains a central problem," Volkswagen Chief Financial Officer Frank Witter said in a conference call with reporters. "This situation now is anything but relaxed." But Witter said the group expected the economic recovery to continue and did "not anticipate any nationwide lockdowns in larger markets." Witter said the takeover of U.S. truck maker Navistar International by Volkswagen's trucking unit Traton was an important acquisition, but the "current economic climate will not make this easy." Volkswagen reiterated it expects to post a profit for the full year, saying its business "recovered noticeably" in the third quarter as sales in China of premium vehicles, including Audi and Porsche sports cars, rose 3%. The quarterly performance was also aided by a series of cost-cutting measures launched earlier this year. Volkswagen said its net liquidity rose to 24.8 billion euros from 18.7 billion at the end of the second quarter. Excluding one-time items, third-quarter operating profit was 3.2 billion euros ($3.8 billion), down from 4.8 billion euros a year earlier, but up from a second quarter loss of 1.7 billion. In a note to clients, Jefferies analyst Philippe Houchois described the results as a "solid performance with strong cash, but relatively muted in the context of the (auto) sector recovery." Last week, German rival Daimler reported a record 24% jump in Chinese demand for its Mercedes-Benz cars, boosting its margins in the third quarter. Italian-American Fiat Chrysler Automobiles and Peugeot manufacturer PSA Group both also posted solid results this week. Witter said Volkswagen could not say for sure whether it would meet EU CO2 emissions targets this year, adding "it will be a tough race." At 1030 GMT, Volkswagen shares were up 2.9% at 129.20 euros. Related Video: Earnings/Financials Audi Bentley Bugatti Lamborghini Porsche Volkswagen

New 2020 Bentley Bentayga Speed tops out at 190 mph

To the surprise of no one, Bentley is applying the Speed treatment to its SUV offering, the Bentayga, which has become the brand's bestseller. Ever since it first appeared on the 2007 Continental GT, Bentley's Speed variants have denoted higher performance, and the 2020 Bentley Bentayga Speed becomes the top-performing Bentley SUV. It wrings an additional 26 horsepower out of the W12 engine, for a new total of 626 hp.The torque figure of 664 pound-feet (at 1,350 rpm) is unchanged. Those extra ponies are enough to help the new model live up to its billing, with a stated top speed of 190 mph, against 187 mph for the standard W12. With that figure, Bentley claims the mantle of fastest SUV, although Volkswagen Group corporate cousin Lamborghini might have something to say about that, since it claims the same 190-mph V-max for the new Lamborghini Urus. Bentley's factory 0-to-62-mph time is 3.9 seconds, down from 4.1 for the standard Bentayga W12. (That pesky Urus claims 3.6 seconds for the same measure.) Bentley says the W12 engine in the Speed also has a more extroverted exhaust note at start-up and during downshifts. The 48-volt electronic anti-roll system (Bentley Dynamic Ride) is standard. Just as in other Bentaygas, there are four on-road drive modes — and an additional four off-road — with the most aggressive, Sport, recalibrated for Speed duty. The suspension tune is also firmer. As on the V8 and standard W12 models, carbon-ceramic brakes are optional, although there may be a greater call for them here given the Speed's performance capabilities. Visually, the Speed is denoted by darkened front grilles, headlamps, and taillamps. The body also features rocker panel extensions and a liftgate-mounted rear spoiler. Speed-specific 22-inch 10-spoke wheels are available in three finishes. Inside, the Speed debuts Alcantara upholstery (with all-leather a no-cost option), and also features more extensive contrast stitching, illuminated door sill plates, and various "Speed" logos. Both the four- and five-person seating configurations are available. Pricing has not been released, but if you have a need for the Speed, expect to pay more than the $229,100 you'd cough up for a standard W12 Bentayga. Dealers are taking orders now, with U.S. deliveries set to start in the third quarter of 2019. Related Video:

Bentley Bentayga spied on soon-to-be home turf

If we had to bet where Bentley would sell the most Bentayga crossovers, our money would be on the Middle East, with a particular focus on the oil-rich United Arab Emirates. Considering that – not to mention the blistering heat – it's no real surprise that the British manufacturer is testing its first CUV on the sand-strewn roads of Dubai. This video comes from an Arab YouTube channel that Google Translate calls "net box." It gives us a great look at the new Bentayga while both parked and in motion, traveling along Dubai's highways. While this is not the exact same vehicle we've seen in previous spy photos – the number plate on this car ends in a Z instead of a W – the camouflage job is more or less the same. There are large, obstructive headlight and taillight covers, and the same strakes designed to obscure the rear haunches. Seeing an engineer getting out of the car and standing next to it, though, does give us some sense of its overall size. Either Bentley's engineer is a giant or the Bentayga is relatively low for a crossover, relying more on a lifted ride height than just being big and tall. You can check out the video above. Like we said, it's a good first look at Crewe's first CUV in motion. Check it out, and let us know what you think in Comments.