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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.

What it's like to drive a brand-new, 92-year-old Bentley Blower

“Vivid” doesnÂ’t even begin to describe this; neither does “damn cold.” The throttle is pinned to the firewall, the needles behind the glass in the dashboardÂ’s 10 dials are twitching and dancing, the supercharger boost gauge is nailed to the lock stop, and the dark-green scuttle is shuddering with the ripples of the concrete banking. Think World War II airplane over the storm-tossed North Atlantic – I even slid a picture of my wife into my breast pocket this morning Â… IÂ’d be grinning, but the freezing blast over the leather-strapped bonnet gives me a rictus grimace. ThereÂ’s a lot to do in this 92-year-old supercharged Bentley as its fish-tail exhaust blares seal-honk indifference at a shoal of insignificant super cars fluttering in its wake; at 100 mph this is motoring at its zenith. They donÂ’t make ‘em like they used to and I used to think that was indubitably true of this car: Sir Henry ‘TimÂ’ BirkinÂ’s Blower Bentley. This was his favorite out of the five Blowers built at the Welwyn factory between 1929 and 1930. It was bankrolled by Dorothy Paget, the Whitney family heiress, and serial race-horse owner and gambler. How famous? This car, known as Number Two, was entered in the 1930 Le Mans 24-hour race. Birkin drove it like a bat out of hell in the initial stages of the race with the tacit approval of the Bentley factory, which had entered a team of "6 1/2 litre" naturally aspirated cars and was looking for its fourth-consecutive Le Mans victory and the marqueÂ’s fifth overall. They used Birkin and this lovely old machine as “the hare,” testing the potential and reliability of the astonishing Mercedes-Benz works supercharged, 7-liter SSK driven by Rudolf ‘RudiÂ’ Caracciola (ironically Paget also owned one of these rare and exotic beasts). The fast and courageous Birkin was sent out to poke a stick at the German ace – it was like poking a waspsÂ’ nest. Twice Birkin overtook Caracciola at over 120 mph at the end of the Mulsanne/Hunaudieres straight, with one wheel on the grass and the rear tire down to its canvas. By all accounts Caracciola was so startled simply because he couldnÂ’t believe that anyone would be actually overtaking him. Legend has it that in pursuing Birkin, Rudi Caracciola damaged the engine by over using the supercharger, which could be clutched in and out, but the truth is more nuanced. Birkin drove his car so hard he twice lost a tireÂ’s tread and had to pit early.

Bentley is recalling just 88 Bentaygas for loose screws

The Basics: Bentley is recalling just 88 2017 Bentaygas for loose screws. That may seem like a small number, but it's a sizable portion of the 378 possibly affected vehicles. The vehicle has only been on sale for a very short while. The Problem: According to Bentley and the National Highway Traffic Safety Administration, some Bentaygas left the factory with seat and instrument panel joints improperly tightened. Essentially, the big, expensive SUV has a few screws loose. This was discovered when a routine systems check revealed missing torque data for 88 vehicles. The improperly tightened parts can work themselves free over time, increasing the risk of injury. Injuries/Deaths: The Bentayga hasn't been on sale long enough for these improperly tightened parts to be a threat, so no injuries or deaths have been reported. The Fix: Bentley will notify affected customers starting this month. Owners can take their Bentayga to a Bentley service center where a technician will inspect and adjust the parts free of charge. Concerned owners may contact Bentley customer service at 1-800-777-6923. Bentley's number for the recall is RE16/32. If you own one: Sit tight, or as tightly as you can on your loose seat. Your Bentayga hasn't been on the road long enough for the parts to work themselves free. Wait for Bentley to issue you the recall, then go take your quarter-million-dollar SUV to your local dealer. Ask nicely, and Bentley will probably come pick it up. Related Video: Recalls Bentley Ownership Safety SUV Luxury bentley bentayga