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Felicity Ace sinks with thousands of VWs, Porsches, Lamborghinis

The stricken ship Felicity Ace sank overnight after a week of salvage efforts ultimately proved unsuccessful. The ship, which was carrying up to 4,000 VW Group cars, went to the bottom unexpectedly while a salvage team was attempting to tow it to shore, Bloomberg reports.  "Initial reports from the local salvage team state that the vessel had sunk at around 9AM local time having suffered a list to starboard," Mitsui O.S.K. Lines transportation company (MOL), which owns the Felicity Ace, said in a statement released early Tuesday.    "The last vessel position was around 220nm off the Azores," MOL said. "The salvage crafts will remain around the area to monitor the situation. Further information will be provided as it becomes available." The ship sank after being battered by waves and listing 45 degrees to starboard, the ship’s operator said. “The weather was pretty rough out there,” Pat Adamson, a spokesperson for MOL Ship Management (Singapore), a unit of Mitsui OSK Lines Ltd., said by phone. “And then she sank, which was a surprise.” VW, Porsche, Audi, Bentley and Lamborghini-branded models were aboard the ship, which was headed to Rhode Island from GermanyÂ’s Emden port when the fire broke out on Feb. 16.  Rough seas and ongoing fires fueled by the lithium-ion batteries of EVs onboard delayed the ship's salvage and recovery operations for the better part of a week. While the likelihood of salvaging the smoke and potentially fire- and water-damaged vehicles from Felicity Ace's hold was slim to none, some had held out hope that their special-ordered vehicles might survive the mishap.  The Panama-flagged Felicity Ace was safely evacuated of its 22 crew members by the Portuguese navy after a fire started in its hold more than a week ago. The ship can carry up to 4,000 cars. European carmakers declined to discuss how many vehicles and what models were on board, but it appears to have been transporting approximately 2,500 cars, including roughly 1,100 Porsches and an undetermined number of Volkswagens.  The cars aboard were on order. Porsche customers in the United States were being contacted by their dealers, the company said. “We are already working to replace every car affected by this incident and the first new cars will be built soon,” Angus Fitton, vice president of PR at Porsche Cars North America, Inc., told The Associated Press in an email. The ship sank in water nearly 10,000 feet deep, the Portuguese Navy said.

Lamborghini and Bentley may hold off on SUVs so VW can conserve cash

After surveying the European economic scene, Volkswagen may have decided now is not the time to launch utility vehicles with Bentley and Lamborghini badges. Bentley officials say they will continue to push for support for the EXP 9 F and Lamborghini CEO Stephan Winkelman has said planning for the Urus will continue until VW tells it to stop.
That decision could come on November 23, when VW's board will vote on the company's budget for equipment, factories and vehicles. With VW's sales slowing and the Euro economy slumping further, some industry watchers say the company is more likely to build its cash reserves than to introduce super-expensive luxury SUVs or crossovers.
"Such vehicles are anything but obligatory during a crisis," says Frankfurt-based Equinet AG analyst Tim Schuldt in a new Automotive News Europe story. "Delaying their launch would be no drama but help save costs."

Bentley EXP 100 GT could become an ultra-exclusive topless two-seater

By most standards, Bentleys are already pretty expensive, but as the global economy funnels more and more wealth to the very top, the luxury automaker plans to cater to an ever-richer clientele with ultra-exclusive, even-more-expensive models. Britain's Autocar reports that one such proposed model is an open-topped two-seater that borrows heavily from the EXP 100 GT concept (pictured), which, if approved, would sell for 1.5 million pounds ($1.9 million) or more. Although the EXP 100 GT concept, which debuted this past summer in celebration of the brand's 100th anniversary, had a configurable two- or four-seat interior and a mostly glass roof, the proposed model is a two-seater with no roof whatsoever — practicality, evidently, not being much of a consideration for the ultra rich. Exclusivity, however, is very important, and it's said that only 12 examples would be built, with Bentley's in-house coachbuilder Mulliner tasked with the construction. Whereas the concept was an EV, the Mulliner-built car would ditch that idea in favor of a traditional Bentley W12 borrowed from the Continental GT — which currently makes 626 horsepower and 664 lb-ft of torque. From the concept, the new model borrows its styling, as well as some of it exotic materials, which included 5,000-year-old wood salvaged from peat bogs and infused with copper, synthetic leather created from wine-making byproducts, and crystal trim elements. If approved, the two-seat barchetta could arrive as soon as 2021. Bentley Convertible Luxury