VW Group is creating a "super-premium" brand group that includes Porsche, Bentley, Lamborghini and Bugatti. The division could be valued at more than $139 billion, almost twice the current valuation of the entire group.
German automotive supplier Continental has told senior managers that they face job cuts if they cannot get a grip on problems, which caused the company to issue a second profit warning this year, an internal message showed.
Aurus, the Russian maker of President Vladimir Putin's new luxury sedan, will launch a range of upscale vehicles next year and export them to global markets, including Europe and possibly the United States in the long term.
Continental's disappointing sales in China and Europe forced the car-parts maker to cut its revenue forecast. In addition, spending on new technology is weighing on profitability. Shares plunged the most since 2009.
Automotive manufacturers are staffing up for a new wave of innovators to drive technological change, and many realize that they need a more diverse pool of talent -- especially women -- to get the job done.
Bentley will launch a plug-in hybrid version of its Bentayga SUV at the Geneva auto show in March. The Bentayga will be the brand's first electrified vehicle and marks the beginning of a rollout of plug-in hybrid versions of its entire range.
Continental's head of startups got some excellent advice after he was put in charge of the supplier's new entrepreneurial unit. “The thing we do is more art than science,” Juergen Bilo remembers being told.
Driving the Bentley Bentayga shows just how sophisticated self-driving technology has become as its autonomous features are among the most advanced in a car on the road. But testing it also reveals how much further autonomous tech has to develop before hands-free driving is allowed.
Bentley said Jaguar Land Rover's head of global strategy, Adrian Hallmark, will become the brand's CEO as part of a reshuffle that also brings in new board members for engineering, sales and marketing and human resources.
Wolfgang Durheimer will step down as CEO of Bentley effective February 1 and be succeeded by Adrian Hallmark, former global strategy director at Jaguar Land Rover. Bentley's heads of engineering, sales and marketing, and human resources are also stepping down in a major overhaul.
Bentley Motors CEO Wolfgang Duerheimer is planning to step down and will be replaced by Adrian Hallmark, currently head of strategy at British rival Jaguar Land Rover, a German magazine reported Friday.