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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.

2015 Bentley Continental GT3-R First Drive [w/video]

Racecars break. F1, NASCAR, IndyCar, GT3 – you name it – every go-fast machine built for the track is living on borrowed time. So it wasn't a complete surprise when, after traveling halfway around the world to drive Bentley's Continental GT3 racecar, the darn thing unceremoniously blew its rear differential on someone else's hot lap. While mentally recalibrating to the idea that my only takeaway from the three day commitment might be frequent flier miles, I realized an alternate vehicle on hand could make the trip worthwhile: the roadgoing, not-so-evil twin to the all-out race machine, the 2015 Bentley Continental GT3-R. You can hardly blame Bentley for the failure to proceed. The Flying B has been performing swimmingly well in the Blancpain Endurance Series, scoring three wins in its debut season and racking up a respectable 2015 so far. The dropped, spoilered, and severely trimmed-down GT3 racer reflects a ruthless abandon of all things luxurious and civilized. Over 50 ECUs were ditched from the road car; the doors alone, which typically weigh a lofty 125 pounds apiece, have been trimmed down to a wispy 15. Yes, the race version is a fearsome, sexy beast – and yes, this was quickly proving irrelevant because that drive was simply not meant to be.The Next Best Thing It's hard to call a $339,725 exotic a consolation prize. Climbing into the roadgoing GT3-R reveals a dramatic departure from the standard issue Conti: Not only is the color scheme unexpected (acid green on black and grey), so is the choice of materials (carbon fiber, Alcantara, not an inch of wood veneer in sight). Some pesky legacy remnants remain (antiquated navigation system, some weirdly pedestrian VW-sourced buttons and switches), but there's also a smattering of sweet details (those famous organ stop air vents, the green center indicator on the steering wheel, the pleasantly gripped Alcantara shifter). In all, 300 examples are being built, 99 of which are destined for the US. Unlike the somewhat sonorous GT V8 S upon which it's based, the GT3-R's titanium exhaust enables an even more exuberant, unapologetic, voluminous roar. Those exhaust gases are summoned from the 592-horsepower, 553-pound-foot, twin-turbocharged 4.0-liter V8, which gains 71 hp and 51 lb-ft over the V8 S model it's based on.

2020 Bentley Continental GT V8 First Drive Review | 8 is the new baker's dozen

Certain objects are so well known for arriving in groups of twelve that their dodecameralism is almost presumed. This list includes eggs, donuts, roses, inches, hours, months, human ribs, days of Christmas and, correlatively, drummers drumming. We can add to that group the number of cylinders under the hood of a contemporary Bentley. Since 2003, when the venerable British brand rolled out its modern Continental GT, it has sold more than 70,000 of these models, a notable number with an inventive, twin-turbocharged 12-cylinder engine, arrayed in a W configuration. Unfortunately, the flying-B brand has been having some difficulty meeting certification requirements for its alluring, all-new, 12-cylinder-equipped Continental GT coupe and convertible, which have yet to appear in the States, despite a full two years having lapsed since their unveiling. Fortunately, to stem the tide of demand, the crew from Crewe has certified a version of the Porsche-designed 542-horsepower, 568 pound-feet 4.0-liter, twin-turbo V8 from the Panamera for use in their new two-door, backed up by an eight-speed dual-clutch transmission. It will be available for purchase here, this fall — before it is offered to any other market — by those with 220,000 spare dollars. Even more fortunate, we just had the chance to drive it through the coastal, mountainous and curvy vineyard regions of Northern California, and we can assure you that, while we still believe Bentley GTs deserve twelve cylinders, eight is the new baker's dozen. Unless you've spent extended time piloting the Continental GT W12 through some of the most beautiful mountainous regions of Europe and America, as we have, you might not notice the one-third reduction in cylinders, or the 84-horsepower depreciation in output. According to Bentley, the less powerful but lighter motor adds only 0.2 seconds to the 0-60 run (3.8 versus 3.6 for the coupe, 3.9 versus 3.7 for the convertible) not enough of a differential to tip our own internal accelerometer. It also foregoes cresting 200 mph like its bigger brother can, not that there's anywhere you can hit these speeds safely in America anyway. The V8 also, as referenced above, subtracts a couple hundred pounds from the total weight of the GT, not that this matters all that much in a vehicle that weighs 2.5 tons, but it does take a modicum of gravitational pressure off the front axle. Is it noticeable on first blush?