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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.

This Bentley Bentayga can be yours if you enter to win it today

Autoblog may receive a share from purchases made via links on this page. Pricing and availability are subject to change. No donation or payment necessary to enter or win this sweepstakes. See official rules on Omaze. If you thought Omaze was swinging for the fences this year with a Mercedes-AMG GT Stealth Edition as a sweepstakes, their latest will blow you away. It’s a 2021 Bentley Bentayga V8, a prize worth nearly a quarter-million dollars. The 2021 Bentayga features a 4.0-liter twin-turbo V8 that makes 542 horsepower and 568 lb-ft of torque. That kind of power will propel you and up to four other passengers to a top speed of 180 miles per hour. If you so choose, you can tow up to 7,700 pounds, though we seriously doubt youÂ’ll see any of these at the boat ramp on Saturday morning.  Win a 2021 Bentley Bentayga V8 - Enter at Omaze The exterior obviously stands out, but as with most luxury SUVs, the interior is just as important, if not more so. HereÂ’s what we had to say about the inside of the 2021 model, which was the first major refresh since the Bentayga was introduced in 2016: “Of course, the interior is arguably the most important part of a Bentley. The center stack gets a new look; Bentley has provided a new steering wheel, new door trims and completely new seats. ItÂ’s built around new tech, as Bentley has integrated its 10.9-inch touchscreen infotainment display in the center stack directly below the new air vent design and clock, fully spanning the width of the area now. This system adds wireless Apple CarPlay and Android Auto, and Bentley has updated the carÂ’s USB ports to USB-C outlets. Bentley has also adopted the fully digital instrument cluster from the Continental GT and Flying Spur, which allows you to customize the screen to a number of different views. Even the rear seat passengers are getting an upgrade, as Bentley has added a larger rear seat touchscreen control tablet thatÂ’s faster than before. “There are some new convenience features added for the refresh, too. For example, the windshield washer jets are now integrated into the wipers and feature 22 heated washer jets in each arm. ItÂ’ll continue to be offered in four-, five- and seven-seat configurations. The four-seat version gains 3.93 inches in knee room this year due to better reclining seats, and even the five-seater has rear seats that recline more than last year.

2020 Bentley Continental GT plug-in hybrid spied undisguised

While at first, and even second glance, the Bentley Continental GT in the photos looks pretty unremarkable. In every sense, it's just a normal example of the latest Continental GT. On that third glance, though, you'll notice one extremely subtle detail that's off: it has a second fuel-filler door. That leads us to believe that Bentley has a plug-in hybrid version of the Continental GT on the way, and it's almost ready for production. And when we say this is a subtle change, we mean it. Unlike many PHEVs that have both filler doors on one side, this Bentley has one door per side. So from the side, there's nothing to tip you off to the strange addition. You can only notice the extra door from the rear, which shows both doors on the tops of the rear fenders. Either that, or you would have to know that the regular Continental GT's gasoline fuel door is on the right side of the car, not the left. As for what sort of hybrid powertrain is in this Continental GT, we would suspect it's the same as that in the Bentayga Hybrid revealed at the Geneva Motor Show earlier this year. It uses a turbocharged 3.0-liter V6 with an electric motor. Power and fuel economy haven't been announced for that powertrain, but Bentley says it is capable of driving the big SUV for 31 miles on a charge on the European cycle. We would expect the lighter, more aerodynamic Continental GT could probably eke out a few more mpg with the same setup. Considering that this test car was completely undisguised, and that it will likely use an existing powertrain, we expect this hybrid Bentley to be officially revealed soon. An announcement early next year with sales coming later that year seems plausible. Related Video: Featured Gallery 2020 Bentley Continental GT plug-in hybrid spy shots View 11 Photos Image Credit: CarPix Green Spy Photos Bentley Coupe Hybrid Luxury Performance bentley hybrid