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Volkswagen profit jumps as it warns of a cooling auto market

FRANKFURT, Germany — Volkswagen says its profits jumped 44% in the third quarter thanks to a more profitable mix of vehicles in its lineup but warned that global car markets are slowing more than expected and lowered its forecast for annual sales. After-tax profit rose to $4.42 billion (3.98 billion euros) as revenues rose 11% to $68.27 billion (61.42 billion euros). The sales margin of 7.8% exceeded the goal of 6.5-7.5% as vehicles bringing higher profits took a larger share of sales. The Wolfsburg-based automaker pointed to the headwinds facing the industry by saying that it expects "vehicle markets will contract faster than previously anticipated in many regions of the world." It said sales would be "on a level" with last year's record of 10.8 million vehicles. Previously it had expected a slight increase. The company said its profits would be in the lower end of its forecast range. Global automakers are facing a slowdown in sales amid disputes over trade and from pressure in the European Union and China to develop and sell low-emission vehicles that require heavy investment in new technology. Ford and Renault have issued profit warnings in recent days, while Daimler, maker of Mercedes-Benz luxury cars, lost money in the second quarter and is expected to outline a cost-cutting strategy for investors on Nov. 14. Volkswagen is leading the push into electric vehicles in Europe by launching its ID.3 battery-powered compact car at prices it says will make zero local emission vehicles a mass phenomenon. The company was able to increase earnings in the quarter despite an 18% rise in spending on research and development.

2021 Bentley Flying Spur V8 returns with less weight, equipment than W12

Following up on the launch of the W12 version, the 2021 Bentley Flying Spur is once again getting an "entry-level" variant with a V8. It's not as powerful as the W12, and a couple fancy features aren't included. But it's lighter, more fuel efficient, and we expect it will be cheaper. Like past V8 Spurs, this new model has a twin-turbocharged 4.0-liter V8. It's more powerful than its predecessors, though, making 542 horsepower and 568 pound-feet of torque. The previous-generation V8 S made 521 horsepower and 502 pound-feet of torque. The W12's 626 horsepower still towers over the V8, but the V8 boasts a weight savings of 220 pounds. Combined with cylinder deactivation, Bentley claims a 16% improvement in fuel economy, though doesn't give specific numbers. Applying that increase to the W12's combined fuel economy number, we'd expect around 17 mpg for the V8 versus 15 for the W12. There's one other key mechanical change to the Flying Spur V8, and that's the lack of standard electronic adjustable anti-roll bars and four-wheel steering. Both features are part of an option package now, whereas they're included on the W12. The adjustable anti-roll bars are automatically controlled to optimize ride quality while reducing body roll, and the steering allows the Flying Spur to more easily negotiate tight corners and spaces. Otherwise, the V8 Flying Spur is nearly identical to the W12 version, save for the standard 20-inch wheels and quad exhaust tips. It's available in either four- or five-seat configurations. First Edition and Blackline trims are available that include extra options and unique visual tweaks. And among some of the more opulent upgrades are the rear-seat refrigerator, illuminated Flying B hood ornament and rotating center stack display. Pricing for the Flying Spur V8 starts at $200,725 with destination, a healthy discount to the W12's nearly $215,000 price tag. It's also more affordable than the the Continental GT V8's price of around $204,000. The V8 Flying Spur will be available early next year. Related Video:

What's that smell? It's a Bentley Boy

The modern Bentley Boy finally has something fitting to wear underneath his scarf and ulster: the fragrance in the Lalique for Bentley Crystal Edition or the Bentley for Men and Bentley for Men Intense scents. French crystal house Lalique designed a limited edition flacon shaped like the Flying B company mascot that contains an eau de parfum created by the French perfume house Robertet. That fragrance is "fine woody notes and exquisite leather" enhanced by orris butter. Only 999 flacons will be made, going on sale in April for 3,000 pounds (3,500 euro, $4,572 US) for a 40-ml bottle.
The other two options were created by French perfume house Firmenich. They also start with "fine wood and leather notes," with Bentley for Men getting an addition of cedar and patchouli, the Intense version throwing in African geranium to "take these notes to another level."
If that won't be enough to fulfill your lust for vehicular aroma, the full line also includes after shave balm and hair and body shampoo. When they go on sale in April at select retailers, prices will start at 24 pounds (27 euro, $36 US) for the shampoo and top out at 69.50 pounds (87 euro, $106 US) for the Intense eau de parfum. You can read more about them in the press release below.