Black Wood, Tray Tables, Heated And Ac Fnt And Rer Seat 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

Bentley Continental GT Mulliner Convertible turns thread into bling

Bentley spent 18 months developing the technique for its double diamond stitching, which uses 712 stitches to sew a diamond pattern inside a larger diamond pattern. Created for the new-generation Continental GT, the English automaker said in December 2019 that three-quarters of Continental GT customers order the feature. When a little is good, more is better, so Bentley's Mulliner division has worked up the Continental GT Mulliner Convertible, putting more of the double diamond motif all around the car. It starts with the new double diamond grille, the pattern placing a small silver diamonds inside black, diamond-shaped mesh. The black and silver theme repeats in the custom side vents, the new, 22-inch, 10-spoke Mulliner wheels picking up on the two colorways. The cabin's been laid out with double diamond all over — nearly 400,000 stitches worth of it, from the seats to the doors and, for the first time, on the tonneau cover. The diamonds can be specced in two colors that contrast against the primary leather color, a design line across the instrument panel and the doors adding a third accent. Mulliner has laid out eight different three-color combinations to get potential customers started, because Mulliner is thoughtful like that. But of course, any hue is fair game, wallet depending. Further flourishes inside include a diamond-milled finish for the center console, and a Breitling clock set inside four chrome rings. It's no wonder Mulliner chose the droptop for this showcase, intent on showing the world what the craftspeople in Crewe can do.  Upon delivery, buyers receive their two keys inside Mulliner-branded presentation boxes that match the three-way color scheme inside the convertible, the keys themselves ensconced in color-matched cases with contrast stitching. Details, details.  We'll get a closer look at the Continental GT Mulliner Convertible at the Geneva Motor Show next month, where it will share the stage with an even more intense work of Mulliner, the Bacalar, responsible for demonstrating "the future of coachbuilding." Related Video:

Ducati Diavel for Bentley is the first collaboration between the brands

Sister companies Ducati and Bentley have joined forces for the first time to create a limited-edition version of the Diavel motorcycle. Inspired by the Batur, which is also a limited-edition model, the bike stands out with an elegant design that incorporates several Bentley styling cues. Although this is the first time Bentley's winged logo appears on a Ducati, it's not the first car-themed Diavel to come out of the Italian brand's design studio; it collaborated with Lamborghini on a Sian FKP 37-inspired 1260 Diavel in November 2020. Drawing inspiration from the sold-out Batur, designers added mesh inserts and red accents to the side air intakes, edition-specific fairing made with carbon fiber, and forged wheels shaped like the ones Bentley put on its limited-edition coupe. Scarab Green paint from the Bentley palette completes the look. The rider sits on an Alcantara-upholstered seat with red accents that echoes the Batur's interior and faces a redesigned instrument cluster. Ducati notes that buyers will receive the bike in a personalized wood case along with a certificate of authenticity, a motorcycle cover, and a passenger seat. The two companies also collaborated on a range of accessories that includes a helmet and a limited-edition jacket. Fitting the Diavel with Bentley's 6.0-liter twin-turbocharged W12 engine seemingly wasn't an option, so power comes from a stock, 1.2-liter V4 rated at 168 horsepower and 93 pound-feet of torque. If neither figure sounds impressive, keep in mind the standard Diavel weighs 520 pounds. Put another way, its power-to-weight ratio approaches that of a Bugatti Chiron. It's the two-wheel equivalent of a supercar. Ducati will build 500 units of the Diavel for Bentley. If that's not rare enough, it will make 50 additional examples of a version named Diavel for Bentley Mulliner that's reserved for Bentley customers. They'll notably have a broader scope of customization options to choose from. Featured Gallery Ducati Diavel for Bentley View 29 Photos Design/Style Bentley Motorcycle Luxury Performance