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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.

Bentley W12 engine production will officially end in April 2024

We knew the Bentley W12 engine had an expiration date before, but it’s going to come up even quicker than expected. Revealed today, Bentley says the last W12 engine it produces will be in April 2024. ThatÂ’s only one year and a couple of months away! Previously, Bentley made it clear that it would only sell PHEVs and EVs by 2026, implying the W12 was done for. It wonÂ’t last long enough to bump into that 2026 limit now that the 2024 production end is set. By the time its end date rolls around, Bentley will have made over 105,000 W12 engines since the 6.0-liter twin-turbocharged unit was introduced for 2003. Each of those engines was hand-built by a team of craftspeople — Bentley says each engine takes approximately 6.5 hours to complete. Which Bentley models are going to be made available with these final W12s, you ask? The real celebration for Bentley is happening with the Batur, a small run of Mulliner coach-built coupes based on the Continental GT. Final validation just wrapped up for the Batur version of the W12, and itÂ’s the most powerful yet at 740 horsepower and 737 pound-feet of torque. Versus the W12 found in other Bentley models, the Batur features reworked intake, exhaust and cooling systems along with a revised engine calibration. Unfortunately, all 18 Baturs (pic below) are already spoken for. If you still want a W12, Bentley says it has limited order slots left for the Continental GT Speed, Bentayga Speed and Flying Spur Speed. Additionally, Bentley will allow you to spec it in either the Continental GT Mulliner or Flying Spur Mulliner. No other new Bentley orders will be W12-compatible between now and production completion. The company warns that there are only a limited number of build slots left, so anyone still on the fence should act quickly if they want the W12.  Over the years, Bentley says the W12 has seen a 37% increase in power, 54% increase in torque and 25% reduction in emissions. The biggest changes came in 2015 when Bentley redesigned the engine “from the sump up” for the launch of the Bentayga SUV. As of today, there are 30 people involved in the engine assembly process. Bentley says it aims to retrain and redeploy all 30 into different positions once W12 production ceases Related video: 2024 Maserati GranTurismo walkaround

Meet the Greenest and Meanest vehicles of 2016

If you've been keeping track, you won't be surprised with the number one entry in this year's list of greenest cars from the American Council for an Energy-Efficient Economy (ACEEE). In fact, the top three spots on the 2016 list are all the same as they were in 2015. After that, things get interesting. For one thing, this is the first Greenest list that doesn't have any purely internal combustion engine powertrain on it. Hybrids, yes, but if you want to be one of the top 12 greenest cars this year, you'd better have some sort of electric angle. ACEEE says that the conventional, gas-powered Smart Fortwo and Chevrolet Spark just missed the cut. In a statement, ACEEE lead vehicle analyst Shruti Vaidyanathan said, "The 2016 scores are in, and plug-in electric vehicles are outpacing all other vehicle offerings in terms of environmental friendliness." Like last year, one of the noticeable vehicles missing from the green list is the Tesla Model S. One reason? ACEEE takes curb weight into account (lighter is better), and the Model S is a heavy beast. The ACEEE doesn't just look at the clean side of the ledger. It also puts out a "meanest" list. These are the vehicles that pollute the most, not only from their tailpipes, but also any pollution created during the entire manufacturing process, from mining the raw materials to the energy used to produce the vehicle at the factory. The entire list, from greenest to meanest, is done using a "cradle to grave" analysis. You can see how the ACEEE determines its rankings here, explore the entire greenest cars site here, or click through our galleries to see which vehicles are extra green (above) or extra mean (below) this year. 12: Mercedes-Benz GL550 4MATIC View 12 Photos More Electric Cars than Ever on Greenest Vehicles List Electric Vehicles Nab 9 out of Top 12 Spots in ACEEE's Environmental Vehicle Rankings Washington, DC: Despite a tumultuous year for the automotive industry, manufacturers have continued to offer exciting technology options for a growing vehicle market. Today at greenercars.org, the American Council for an Energy-Efficient Economy (ACEEE) released its 19th annual comprehensive environmental ratings for vehicles. The following vehicles comprise the Greenest List for 2016: Greenest Score 1. Mercedes-Benz Smart ForTwo Electric Drive Convertible / Coupe 63 2. Chevrolet Spark EV 63 3. Fiat 500E 62 4. Toyota Prius Eco 61 5. Volkswagen E-Golf 61 6. Nissan Leaf S / Leaf SV 61 7. Kia Soul Electric 59 8.