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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 shows plug-in hybrid concept ahead of Beijing, will power SUV in 2017

From its more mainstream, popular origins in the original Honda Insight and Toyota Prius, the hybrid powertrain has worked its way up to the the corner office, the big chair, the top slot in the corporation. Bentley has announced that it will introduce a plug-in hybrid option on its SUV due in 2017. Before then, we'll see what an electrically assisted Bentley looks like at the Beijing Motor Show when the Crewe automaker shows off a copper-accented Mulsanne that's been reworked into its Hybrid Concept, pictured above.
We don't have any official specs just yet, the only major announcement being that any Bentley hybrid will be able to travel at least 50 kilometers (31 miles) on pure electric thrust and get a power boost of "up to" 25 percent from its electric side. We use the phrase "any Bentley hybrid" because the company's CEO says "we will gradually introduce this powertrain across our model range" to 90 percent of the brand's lineup.
We'll know more when the Beijing show commences. For now, there's the press release below and the high-res gallery above.

Bentley Continental GT art car is meant to move while standing still

Art cars are always cause for interest, so when a Bentley “art car” pops up, we take notice. This particular Bentley wasnÂ’t commissioned by the folks in Crewe, but instead by a dealership in the U.K. named Jack Barclay Bentley. The art on the car was applied via a wrap over a black paint job, and itÂ’s the work of Icelandic artist Katrin Fridriks. A new Continental GT was the canvas for this work, and there is an explanation as to the motivations of the artist. The piece is part of FridriksÂ’ “Speed of Light — Commander” show. Its design is meant to give the car a sense of speed and motion even when sitting still. Only black, white and gray were used. HereÂ’s what is said about the art in the official write-up from the dealership: “Utilising an exceptionally limited color palette between black and white, the artistÂ’s intervention allows the bold, hand-crafted lines of the car to come through her energetic liquid shapes. The abstract organic forms applied on the elegant surface of the powerful vehicle are following its impeccable design, accenting its raw performance and motion. Starting with harmonious flowing marks in the front and accelerating towards splattering paint on the back, she is offering a different and unique appearance of the car depending on the variety of viewing points.” The language used is rather flowery, but what else should we expect from Bentley? Jack Barclay Bentley also happens to be the oldest Bentley dealer in existence, having sold Bentleys for 92 years now. This car will be on display at the dealership in London's Mayfair district until Oct. 7 before itÂ’s sent on a number of special events with JD Malat Gallery.