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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.

Bentley announces new S package for Continental GT, GT C

As Bentley's Continental lineup soldiers on dutifully toward a world without big internal combustion engines, Bentley is doing its best to soften the blow for fans of barrel-chested power. While the W12 may be on its way out the door, Bentley's V8 Continental GT and GT C are getting a little extra spark in the form of a new driving-oriented S package that borrows some interior and exterior queues from the Speed series.  "Owners of Bentley’s two-door models have long appreciated the breadth of choice available to them, from the towering performance of the 6.0-litre W12 Continental GT Speed to the characterful beat of the 4.0-litre Continental GT V8," Bentley said in its announcement. "Now, with the arrival of the Continental GT and GTC S, owners can choose to emphasize the sporting character of the 4.0-liter V8-powered Bentley Continental GT, thanks to a package of performance-focused design and engineering features." Bentley says the S package is for those who are focused on driving pleasure. Standard equipment includes a sport exhaust (the better to announce the presence of that 542-horsepower V8) and Bentley Dynamic Ride, along with a set of 22-inch wheels that are unique to the S model. Inside, the upgraded sport seats bear "S" embroidery, and the dark theme employed on the exterior accents continues on the dash and upholstery. The instrument cluster graphics are unique, as well.  "The new S range adjusts the Bentley grand touring recipe to center on the pleasure of driving – an opposing yet complementary emphasis to the 'Wellbeing behind the Wheel' concept of the recent, comfort-centric Azure range launch," Bentley said.  Related video: Our Bentley Continental GT First Edition is here | Behind the Wheel S01 // E05

Bentley Batur Convertible is a coachbuilt, W12-powered stunner

Remember the Bentley Batur from a couple of years ago? Well, it’s back, but this time itÂ’s without a roof, so allow us to introduce you to the Bentley Batur Convertible. Many of the details are similar to the coupe, meaning it has an uprated twin-turbo W12 engine and is a coachbuilt car by BentleyÂ’s Mulliner division. Unlike the Continental GTC that can seat four, the Batur Convertible is only a two-seater, eschewing the rear seats for a gorgeous “airbridge” behind the front two seats – itÂ’s meant to remind of roofless sports cars of old. Plus, if you look underneath the airbridge and tapered cowls, youÂ’ll notice it offers a little bit of storage space for luggage to augment the trunk. The W12 engine under its long hood is more potent than most of BentleyÂ’s W12-powered cars thanks to a revised intake, upgraded turbochargers, new intercoolers, titanium exhaust and a unique engine tune, bringing output to 740 horsepower and 738 pound-feet of torque. This particular reveal car (car number 0) is an engineering development vehicle so wonÂ’t be counted toward the 16 Bentley plans to build. Customization options are truly limitless, Bentley says. The one youÂ’re looking at here is finished in Vermillion Gloss over Vermillion Satin Duo, or in other words, orange. YouÂ’ll notice it features BentleyÂ’s ombre effect front grille option that flows from a dark color to the bright Vermillion Gloss as the grille traverses from the center to its edges. An added splash of sportiness is visible with its carbon fiber front splitters, side skirts and rear diffuser. And those 22-inch wheels with Vermillion accents look fantastic, too. Its interior features limitless customization options, and Bentley says its design is inspired by the wraparound interior seen in the Bacalar. ItÂ’s revealed via an electronically operated soft top that goes down in 19 seconds at speeds up to 30 mph. Essentially every surface of the interior is customizable in both color and finish, Bentley says. It highlights the use of 3D-printed rose gold thatÂ’s seen on the engine start/stop buttons, drive mode selector, vent controls and as an insert on the steering wheel itself. In case you were curious, the gold comes from the centuries-old Jewelry Quarter of Birmingham, England. Bentley didnÂ’t say whether the Batur Convertible is sold out yet, but we suspect it could be considering only 16 slots are available.