Bentley management considering a third product line

Article by Christian Andrei, on January 20, 2011

In the next few months, Bentley management will have to make a critical decision on whether to push the development of an all-new third product line to compliment the ultra-luxury maker’s mid-range Continental and top-line Mulsanne offerings.

The management team that is tasked to decide on this matter is led by new CEO Wolfgang Durheimer, who takes over from Franz-Josef Paefgen.

On Feb. 1, Paefgen will step down as chief executive; however, he will remain as a Bentley consultant. At the Detroit Auto Show, Paefgen told TheDetroitBureau.com that he looks forward to retirement.

In the past nine years, Paefgen has been molding Bentley into “a company in a stable situation leading the luxury segment and strong enough to grow further.”

Of course, there are skeptics who doubt the brand’s stability in the last few years. After Bentley reached an all-time peak of 10,014 in 2007, worldwide volume fell to only 4,616 in 2009. As a result, the company had to introduce sharp cutbacks on its assembly lines.

But even as revenues dropped, Bentley continued work on two critical product lines: the all-new Mulsanne flagship, and the newly-redesigned Continental GT. It’s almost as if Bentley knew what was going to happen as its timing is perfect, especially with the global luxury market showing signs of a turnaround.

On the Mulsanne sedan’s first month on the market (December 2010), Bentley has already received 230 orders. This figure exceeds Bentley’s most optimistic initial pronouncements for the Mulsanne sedan that’s priced at $285,000.

It has also been predicted that the $189,900 Continental GT, which was formally introduced in the U.S. at the Detroit Auto Show, will also benefit from the improving global economy. [via thedetroitburreau]

Topics: bentley

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries