Though sales in Europe are at their lowest in 20 years, the Volkswagen Group reported an unexpected increase in quarterly earnings, attributed to new cost saving technology and strong sales at its luxury brands. VW operating profit was up to 3.44 billion euros ($4.56 billion) from 3.38 billion last year. Net income was 2.83 billion euros, down 50% because of a charge related to VW’s purchase of Porsche boosted last year’s net results. Revenue was up 9% to 52.1 billion euros. (Read More…)
The English High Court is trying to stop it, but it’s hard to know how much authority they have over the upcoming USENIX Security Symposium. If, as I suspect, the answer is “None”, then attendees to that event will be treated to a presentation on how to break the Megamos Crypto system, the RFID-based immobiliser that prevents counterfeit and physically-copied keys, to say nothing of plain old “hot-wiring” at the ignition switch, from starting the Bentley Continental GT that, apparently, uses it.
Of course, some of you will have already considered that if the system is in use in the CGT, it’s in use in the Phaeton, and probably the Touraeg, as well. You’re right, and there are far more cars at risk than just those.
Bentley Motors today has confirmed that a fourth model will join the Bentley lineup, this one a SUV, and that it will be built at the British luxury car maker’s Crewe plant starting in 2016 after a £800 million ($1.228 B USD) investment in the facility. The automaker says that over 1,000 new jobs will be created to manufacture the unnamed SUV, which is said to look nothing like the widely criticized EXP 9F concept shown last year. A very basic sketch of the planned vehicle was also released. The company said that Bentley customers have responded “extremely” positively to the idea of a SUV that wears the winged B and claims that the car will be “a thoroughbred Bentley” and have styling that sets “it apart from any other SUV on the road”. Like the company’s Continental models which are related to the Audi A8 and Volkswagen Phaeton, though, the new Bentley SUV will likely share a platform and components with other VAG vehicles.
Bentley press release below. (Read More…)
Both General Motors and the Volkswagen group can claim bragging rights after Chinese sales results for June have been announced. VW outsold GM for the month, 262, 700 units to 236,207, but GM was still ahead for the first six months of 2013 with 1.57 million units sold compared to 1.54 million for VW.