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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, Lamborghini consider foreign production [w/poll]

Would a Bentley be a Bentley if it weren't manufactured in Great Britain? Would a Lamborghini be a Lamborghini if it were built outside of Italy? It may be hard to say either way, but we might find out sooner than later, because the latest word coming in from Europe is that the Volkswagen Group is considering expanding production for both these upscale brands outside their traditional homes.
According to the Autovisie section of Dutch newspaper De Telegraaf, the issue for both automakers comes down to their ambitious expansion programs. Both Bentley and Lamborghini plan to launch new SUVs - the former's being well under way, the latter's still awaiting approval - that would expand their annual production considerably: by 50 percent in Bentley's case, and by as much as 100 percent in Lamborghini's.
For now, both marques intend to handle the added production with additional assembly lines at their current facilities in Crewe and Sant'Agata Bolognese, respectively. But both could soon outgrow their relatively small plants - and with the Volkswagen Group operating countless factories across Europe and around the world, it wouldn't be hard to see these manufacturers shifting excess production outside of their home countries.

Bentley will build 1929 Team Blower continuation series of 12 cars

Bentley considers Sir Tim Birkin’s supercharged 4 1/2 -liter Team Blower race car to be the company's "most revered heritage car" ever. So revered, in fact, that Bentley wants to make the car again, 12 times over. With the help of some reverse engineering by Mulliner, Bentley has announced its intentions for an extremely special continuation series limited to only a dozen examples built nearly identical to the original.  Through various methods, Bentley has been celebrating its heritage all throughout 2019, the centenary of the brand's founding. Just in the summer months, Bentley released the third-gen Flying Spur, unveiled the EXP 100 GT autonomous electric concept, built a Continental GT convertible that honors the 1929 Blower Number 1, won Best of Show at the Pebble Beach Concours, and re-created 1939 Corniche sedan with the help of Mulliner. That last achievement is particularly relevant, as Mulliner typically crafts bespoke new cars, as opposed to building old ones. After successfully bringing the Corniche into the 21st century, however, Bentley is confident Mulliner can take on the complex task of rebuilding the legendary Team Blower.  Bentley claims this will be the world's first continuation of a pre-war race car, and the original production run didn't even make it to double digits. Only four Team Blowers were built for Birkin and the boys to race, which they did at Le Mans and all over Europe. Bentley is building 12 re-creations because that's how many races the original cars competed in. In order to take this project on, Bentley will disassemble Team Blower chassis No. HB 3404 down to its nuts and bolts. The parts will all be cataloged and 3D scanning of each individual piece will create the foundation for the new cars. Bentley will then combine use of the original 1920s molds and tooling jigs with modern manufacturing methods to create 12 identical sets of parts. The new cars will be as close to identical to the original car as possible, but current safety regulations will force Bentley to make a few changes and alterations. Under the hood, the Continuation Series cars will have 16-valve four-cylinder engines with aluminum crankcases, cast-iron cylinder liners, and non-detachable cast-iron cylinder heads. With the help of Amherst Villiers Mk IV roots-type supercharger replicas, the 4,398 cc engines will be rated at 240 bhp at 4,200 rpm.