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Bentley pushes back target of all-electric luxury cars to 2035
Bentley pushes back target of all-electric luxury cars to 2035
by AFP Staff Writers
London (AFP) Nov 7, 2024
British luxury carmaker Bentley said Thursday that it was pushing back its target of building only 100 percent electric models by five years, until 2035.

Four years after outlining its strategy of being fully electric by 2030, Bentley CEO Frank-Steffen Walliser said the company was "maintaining our aim of a decarbonised future, including offering only fully electric cars from 2035".

Bentley, which is part of Germany's Volkswagen group, also said in a statement that its first fully electric luxury car, an SUV, would be launched in 2026.

The car will be made at its historic site in Crewe, central England, where it employs 4,000 people and conducts all of its activities including design, R&D and production.

The new model will compete against other luxury electric vehicles already on the market like the powerful EQS saloon from Mercedes, BMW's i7 and Audi's E-tron.

It will also go up against the Spectre coupe, the first electric model from BMW-owned Rolls-Royce, which plans to stop building combustion vehicles by the end of 2030.

And China's Hongqi ("red flag"), a brand known historically for transporting high-ranking officials including Mao Zedong, plans to launch around ten luxury electric models in Europe over the next five years.

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BMW's profits plunge as China sales slump
Frankfurt, Germany (AFP) Nov 6, 2024
BMW said Wednesday it faced "extraordinary challenges" as its quarterly profits plunged due to slumping Chinese sales and a vehicle recall, the latest sign of the crisis gripping Europe's auto sector. The German luxury carmaker's net profit dropped 84 percent from July to September, and came in at 476 million euros ($512 million) - even worse than analysts had been expecting. Vehicle deliveries for the manufacturer - which also makes the Rolls-Royce and Mini brands - fell 13 percent from a ye ... read more

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