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If VW defaults on loans it may sell Bentley or Lamborghini

If something goes catastrophically wrong with Volkswagen Group's recent $21 billion loan, brands like Bentley or Lamborghini could hit the auction block. According to two insiders to Reuters, the beleaguered German automaker agrees with its creditors to sell assets if the company somehow can't pay back the debt in a year. One of these anonymous people claimed the company hasn't yet deliberated over what to sell. However, the sources were willing to speculate that the power engineering portion of Man could be among the first to go. "Volkswagen may also consider divesting luxury car brands Bentley and Lamborghini or motor bike brand Ducati, although these units don't really move the needle," an insider said to Reuters. VW Group negotiated with the banks earlier this week to get the massive loan. The cash is necessary as a buffer in case the automaker doesn't have enough money on hand to repair vehicles or settle upcoming fines. VW would reportedly issue bonds in the spring to begin paying the debt. The company's bills will start racking up quickly in the new year. German authorities mandate a recall there in early 2016, and repair campaigns in the US for the 2.0- and 3.0-liter diesel engines are inevitable. There are also hundreds of class-action lawsuits to settle. The company needs to resolve its CO2 emissions scandal in Europe, too. In response to these financial threats, VW management created a cost-cutting plan to slash the research and development budget by $1.1 billion next year.

2023 Bentley Bentayga Extended Wheelbase revealed as new flagship

Bentley has been without a true flagship model since it ended production of the Mulsanne in 2020. It pledged to fill the gap, and it kept its promise by developing a longer version of the Bentayga called Extended Wheelbase (EWB) that offers passengers a limousine-like cabin. Stretching the Bentayga, which is Bentley's best-selling model, was more difficult than it might sound; the Volkswagen-owned British firm notes that it spent a nine-figure sum on the new model. It notably redesigned the side panels, the underbody, the rear doors and the roof. The investment should pay off, because the EWB will account for about 45% of Bentayga sales when it enters production later in 2022. About 7 inches were added to the Bentayga's wheelbase, and the rear-seat passengers are the sole beneficiaries of the extra sheet metal. In its standard configuration, the EWB offers a 4+1 seating configuration with outer rear seats that are heated, ventilated, 16-way power-adjustable and capable of giving you one of five massages. Buyers who want the ultimate in comfort can order the Airline Seat Specification, which Bentley calls "the most advanced seat ever fitted to a car" — that's a bold statement. This option brings individual rear seats with a backrests that can recline to a 40-degree angle and a Postural Adjustment function that changes the shape of the seat to ease pressure points. Interestingly, the system is capable of providing 177 adjustments every three hours and making a three-dimensional twist. Selecting the Airline Seat Specification also brings a system called Seat Auto Climate that relies on sensors to maintain a pre-set seat temperature; passengers have six levels to choose from. The contact temperature and the surface humidity are both measured on the cushion and in the backrest, and the seat's heating and ventilated elements are activated as-needed to ensure the occupant is comfortable. Alternatively, buyers can order one of two additional configurations called Four Seat Comfort and Five Seat, respectively. While the regular-wheelbase Bentayga is available with three rows of seats, the EWB is two-row only because it caters to buyers who primarily want space. The list of options is astonishingly long; Bentley notes that 24 billion trim combinations are possible.

Bentley's next continuation car is its 1929-30 Le Mans winner

Bentley's Mulliner division will resurrect the Speed Six as its second continuation project. Announced on the sidelines of the 2022 Goodwood Festival of Speed, the born-again classic will be nearly identical to the cars that won the 24 Hours of Le Mans in 1929 and 1930. Continuation cars remain a significant source of controversy among enthusiasts; Ralph Lauren is one of the high-profile collectors who wrote an angry letter to Bentley after the firm announced plans to make 12 replicas of the four 1929 Team Blower models. The criticism didn't dent the model's popularity; all 12 units were spoken for in record time, and this success encouraged Bentley to bring the Speed Six back to life. Why the Speed Six? It's one of the most important models in Bentley's history, according to the company's archives department, largely due to its success at Le Mans. It was an evolution of the 6 1/2 -Litre model whose 6.5-liter straight-six engine was tuned to develop about 180 horsepower, a huge number in the 1920s. It was offered with three different wheelbases, and 182 examples were made between 1928 and 1930. Only a small handful of those were modified for racing; they were built on a 132-inch wheelbase and fitted with a 200-horsepower six. Bentley started the continuation project by sourcing two of the original cars. One is the third of three units that raced at Le Mans in 1930, and it's been nicknamed Old Number Three. It's in private hands. The second is a 1929 model that's part of the carmaker's collection and that has previously received a full restoration. Mulliner has completed a 3D CAD model of the Speed Six using those cars and period documents. Pricing for the Speed Six continuation car starts at GBP1.5 million, a sum that represents about $1.8 million at the current conversion rate. Production is limited to 12 units, and collectors scooped up the entire batch before the project was announced to the public. Bentley will begin building the first car, which is not part of the 12 and which will be used as a testing and engineering mule, in the second half of 2022.   Featured Gallery Bentley Speed Six View 12 Photos Bentley Automotive History Convertible Luxury Racing Vehicles Performance Classics Goodwood Goodwood Festival of Speed