Volkswagen Group Operating Profits Soar 86 Percent in the First 9 Months of 2011

Whereas the rest of the European carmakers such as PSA Peugeot and Citroen and the Fiat Group are facing troubled times, the German auto industry is enjoying one of its most prosperous eras ever.

On Thursday, Europe's largest automaker, the Volkswagen Group, announced that it has earned more in the first nine months of 2011 than in the whole of 2010.

The company's operating profit surged to €9.0 billion (US$12.5 billion) from January through September, up from €7.1 billion in fiscal 2010 and €4.8 billion in the same period last year, which represents a staggering 86 percent increase.

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Imperium Automotive Presents New Bentley Continental GT Audentia

Headquartered in the historic city of Edinburgh in Scotland, Imperium Automotive is a high-end design house that focuses on the Bentley and Bugatti brands.

Their latest offering is a new limited-edition styling package for the recently updated Bentley Continental GT Coupe named ‘Audentia’, which is said to be a direct Latin translation for ‘boldness and courage’.

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Report: Bentley Boss Says New SUV to be powered by W12 Petrol and V12 Diesel Engines, Due in 2015

[The above photo is a rendering from the Xenatec Group]

After Porsche launched the Cayenne in 2002, it changed the sport carmakers’ way of thinking. If the world wants a premium SUV by a top brand, why stick to the past and not ride the wave, increasing production volume and profitability?

After all, despite the initial outcry, it is primarily the Cayenne’s success that we have to thank for the continued existence and evolution of the 911.

At the Pebble Beach festival, Bentley’s CEO, Wolfgang Duerheimer, confirmed that the British luxury carmaker will indeed build an SUV. And he recently replaced chief engineer Ulrich Eichhorn with Porsche’s Rolf Frech who has also worked on the Cayenne.

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