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Bentley says 'emotional sensitivity' slowed sales in 2023

LONDON — British luxury carmaker Bentley on Tuesday reported a lower operating profit for 2023 after a weak economy and high interest rates hit sales, but the company said its performance had stabilized and new launches would boost it in 2024. "We had an uneven performance for the first time in about four years," CEO Adrian Hallmark told reporters. "Even though our customers can still afford our cars... there was a level of emotional sensitivity that slowed down demand." For those who leased rather than bought cars with a starting pre-tax price above 220,000 euros ($238,590), interest rates had led to a tripling in monthly fees last year, Hallmark said. He said the launch of four high-performance hybrids this year should spur sales as the company gears up to launch its first fully electric Bentley in 2026. Bentley is aiming for an all-electric model lineup by 2030, but Hallmark said its hybrids were likely to be on sale after that deadline as the company seeks to ensure a return on its substantial investment. The luxury automaker in January reported an 11% drop in sales for 2023 following a record year in 2022. The British luxury unit of Volkswagen posted an operating profit of 589 million pounds ($748 million) for 2023, down nearly 17% from 708 million pounds in 2022. Revenue was down 13% at 2.94 billion pounds from a year earlier and the company said its profit margin dropped to 20.1% from 20.9% in 2022 because of investments in new vehicles. Earnings/Financials Green Bentley Luxury

Bentley will build 1929 Team Blower continuation series of 12 cars

Bentley considers Sir Tim Birkin’s supercharged 4 1/2 -liter Team Blower race car to be the company's "most revered heritage car" ever. So revered, in fact, that Bentley wants to make the car again, 12 times over. With the help of some reverse engineering by Mulliner, Bentley has announced its intentions for an extremely special continuation series limited to only a dozen examples built nearly identical to the original.  Through various methods, Bentley has been celebrating its heritage all throughout 2019, the centenary of the brand's founding. Just in the summer months, Bentley released the third-gen Flying Spur, unveiled the EXP 100 GT autonomous electric concept, built a Continental GT convertible that honors the 1929 Blower Number 1, won Best of Show at the Pebble Beach Concours, and re-created 1939 Corniche sedan with the help of Mulliner. That last achievement is particularly relevant, as Mulliner typically crafts bespoke new cars, as opposed to building old ones. After successfully bringing the Corniche into the 21st century, however, Bentley is confident Mulliner can take on the complex task of rebuilding the legendary Team Blower.  Bentley claims this will be the world's first continuation of a pre-war race car, and the original production run didn't even make it to double digits. Only four Team Blowers were built for Birkin and the boys to race, which they did at Le Mans and all over Europe. Bentley is building 12 re-creations because that's how many races the original cars competed in. In order to take this project on, Bentley will disassemble Team Blower chassis No. HB 3404 down to its nuts and bolts. The parts will all be cataloged and 3D scanning of each individual piece will create the foundation for the new cars. Bentley will then combine use of the original 1920s molds and tooling jigs with modern manufacturing methods to create 12 identical sets of parts. The new cars will be as close to identical to the original car as possible, but current safety regulations will force Bentley to make a few changes and alterations. Under the hood, the Continuation Series cars will have 16-valve four-cylinder engines with aluminum crankcases, cast-iron cylinder liners, and non-detachable cast-iron cylinder heads. With the help of Amherst Villiers Mk IV roots-type supercharger replicas, the 4,398 cc engines will be rated at 240 bhp at 4,200 rpm.

Bentley preps 'Centennary Specification' for all models built in 2019

For the entirety of Bentley's 100th year in business, the English carmaker will adorn its products with a Centenary Specification. The package consists of unique badging with specially developed Centenary Gold badge highlights, available Centenary Gold thread for the headrest logos, contrast stitching and cross stitching, and a "centenary welcome light" outside the vehicle. The in-house craftsmen have also developed unique embroidery. Bentley says the gold hue was inspired by metalwork on vintage models like the 1919 EXP 2 (pictured, red and silver) and 1929 Birkin Blower (pictured, green), the latter one of the company's Le Mans winners driven by Sir Henry "Tim" Birkin. The hue possesses an "elegant warm tone and a deep fluid shadow." The steering wheel badge, key fob, shift knob, and wheel center caps feature the tinted ring. The "B" badge on the radiator surround also features "1919-2019" script, and that script is found on the tread plates, too. For those who don't know, eponymous founder Walter Owen Bentley's engineering career began with locomotives — which he loved more than cars at one point — and motorcycles, before settling on automobiles. He bought his first car in 1910, a French DFP, and after improving it himself, set a 10-lap record at the Brooklands circuit. In 1912 he opened a DFP franchise with his brother Horace Milner as Bentley & Bentley, and further upgraded the car with a new piston design that was 88 percent aluminum and 12 percent copper. The Royal Naval Air Service adopted Bentley's piston design and Bentley's re-designed Clerget airplane engines, dubbed the Bentley Rotary. After the war, Bentley refocused on cars, and in 1919 released the 3-Litre, which boasted features like a cross-flow head, overhead cams working four valves per cylinder, and twin plugs in each cylinder. The company delivered the first production model in 1921, then went racing and won the second edition of Le Mans in 1924. That is how Bentley began to become "Bentley, ahem ...", and here we are. Next year, on July 10, the company plans to celebrate the feat appropriately. Related Video: