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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

2022 Bentley Flying Spur Hybrid has pure electric range, near-V8 performance

Bentley is adding the new 2022 Flying Spur Hybrid as a third powertrain option in the Flying Spur family that already includes a W12 and V8 model. It’s BentleyÂ’s second hybrid vehicle, joining the Bentayga Hybrid in the companyÂ’s rollout of slightly greener vehicles. This Flying Spur PHEV is the result of borrowing powertrain components from Porsche for its powertrain components. A 2.9-liter twin-turbo V6 and electric motor combine for a total system output of 536 horsepower and 553 pound-feet of torque. The horsepower is slightly down from the Panamera 4S E-Hybrid, but its 553 pound-feet of torque is identical to the Porsche from which its powertrain is derived from. This motivates the Flying Spur Hybrid from 0-60 mph in just 4.1 seconds, which is just 0.1 second slower than the V8. Top speed is an impressive 177 mph. ThereÂ’s nothing slow about it. As for the electrics, Bentley is using a 14.1 kWh battery pack. Tested on the optimistic WLTP test cycle, Bentley predicts itÂ’ll have a range rating greater than 25 miles. The Porsche Panamera 4 E-Hybrid with the same size battery pack (2020 model, because the 2021 Panamera got a bigger battery pack) is EPA-rated for 14 miles on a full charge, so we suspect the Flying Spur will be closer to this total when it receives its EPA rating. YouÂ’ll be able to choose between pure EV mode, Hybrid Mode or Hold Mode (retains current battery charge) depending on how you wish to utilize the battery charge on your drive. A new dedicated button on the interior facilitates these mode changes, and besides the necessary hybrid-specific infotainment software and cluster layout, is the only physical change to the interior. Hybrid models will be recognizable via their small “Hybrid” badge on the front fender. TheyÂ’ll also have new quad oval tailpipes and a charging port on the left rear fender. Fuel economy figures are not yet available from Bentley, but if the Panamera it shares powertrains with is any indication, we may not see massive gains by going from the V8 to the V6 hybrid. Porsche gains only 1 mpg going from the Turbo to a 4S E-Hybrid, so a similar 1- or 2-mpg bump from the V8Â’s 17 mpg combined figure seems likely. A total driving range of 435 miles is expected with this Hybrid model, which Bentley claims is the best in its lineup. Pricing isnÂ’t out yet, but Bentley says youÂ’ll be able to place an order for a Flying Spur Hybrid this summer. The first customer deliveries are scheduled for the end of 2021.

In case you forgot, the Dubai Police supercar fleet is the coolest

Ever wonder why the Dubai Police have a fleet of vehicles worth millions and millions and millions of dollars? Why it has a Bugatti Veyron and a Bentley Continental and a Mercedes-Benz SLS AMG with sirens and light bars? Well, here's the reason. This video shows the fleet on display on the Emirate's roads and highways, while also reaching out to the people the police are meant to protect. It's an impressive display of machinery, to be sure. Alongside the Bentley, Bugatti and Mercedes, we spy a Ferrari FF, a Brabus G-Wagen, a BMW M6, a Nissan GT-R, an Audi R8 and a McLaren MP4-12C (although the latest Dubai Police car, the Lexus RC F, is absent). The video even has a very cinematic look and feel to it, which works well with the night scenes and the blues-and-twos of the exotics cruisers. News Source: Dubai Police via YouTube Audi Bentley BMW Bugatti Ferrari McLaren Mercedes-Benz Nissan Luxury Performance Videos dubai ferrari ff mclaren 12c