Bentley reports first profit ever; new model coming to Frankfurt
The British luxury brand, Bentley, has reported an operating profit of 85 million euros in the first half of this year. This is the first profit ever since the company was taken by the Volkswagen Group.
Bentley’s first-half profit of 85 million euros is more than three times the 26 million euros for the same period in 2006. Revenue for the period was 739 million euros, up 24 percent from the same period in 2006.
"We have seen strong growth both in mature markets, such as Germany, the UK and the US, as well as in emerging markets, such as China and Russia," said Paefgen in a written statement issued Friday, July 27. "This augurs well for a good full year, and the recent launch of two new convertibles — the Continental GTC and the Azure — giving Bentley its most extensive model range ever, will continue to contribute to our ongoing success."
In the same interview with Automotive News, Bentley confirmed that a new derivative will be added to its lineup at the Frankfurt IAA in September but declined to give details.
Source: Automotive News