Bentley’s 2023 Continental GTC Speed: A Cheetah in a Lion Suit

To most driving enthusiasts, there is nothing as pleasurable as a warm day tooling round country roads in a ragtop. The smell of freshly mown lawns wafts in your nostrils; the sun’s rays bathe the atmosphere in warm tones. It doesn’t get much better.

Well, actually it does. Make the car a Bentley Continental GT. Glutton for more fun? Make that Bentley a convertible, or GTC Speed. Recently, Penta had the opportunity to wend our way around Sullivan County, New York, and put a GTC Speed through its paces.

The Drive

Given its weight, at roughly 4,800 pounds, it is no surprise that it offers a solid feel and holds the road without much effort. The GTC Speed feels a bit like a land yacht, but in a good sense. That is, when you climb aboard you know right away that you’re in for a treat and that the ride could take you anywhere. And like the U.S. Navy, the GTC Speed (standard MSRP US$317,000) projects power.

The car we drove was priced at US$379,00 because it was ladled with cushy options like a custom-made sound system, so that you can share your musical faves with your neighbours; 22-inch wheels for better grip and handling; and a high-gloss fibre finish, among many other accoutrements. A king’s ransom? Yes. However, the Bentley is often measured against the Ferrari Roma or the Mercedes Benz S65 AMG. That’s rarefied competitive air. The engineers in Crewe, England, pride themselves on making sure this GTC is capable of taking you on a long drive comfortably at 90 mph as well as on a quick run to the local grocery store. Think of a cheetah in a lion’s suit, and you get the picture.

It tops out at 208 mph, in case you need a latte really quickly. We took it to 161 mph in sport mode for a few moments and enjoyed a marvelous and mischievous thrill ride, and no smokies with radar guns. For obvious reasons, what interstate we managed this is a top business secret. [But don’t try this at home!] And if you love big engines, note that next year’s models will be the last with such W-12 muscle, part of a greener Bentley, as Penta has previously reported.

The Specs

The vast hood hides a 6.0-litre, twin-turbocharged W12 engine, a monster that delivers bold power as well more graceful manoeuvring than otherwise might be expected from such a heavy car. The horsepower is rated at 650 and the car obtains gas mileage of 15 city and 22 highway. Bentley says it will do 0 to 60 mph in 3.6 seconds. Other Bentley Continental GTs are available with a V8 engine, for those more concerned about the environment.

The Bentley GTC Speed offers four driving modes: Comfort mode is a likable combination of a speedy roadster that will take you to 100 mph, before you even notice. Call it relaxed cruising.

Move to Sport mode and the GTC does its unique version of a squat thrust, and off you go. Sport mode optimises the engine, transmission, and suspension to boost dynamic ability, and when engaged, it should be immediately felt by the driver. And the engine, normally quiescent, begins to roar through the two exhausts in the rear. The other modes are Bentley, a combo of sport and comfort, and Custom. The chassis system features rear-wheel steering, which improves cornering at speed.

The colour of the model we drove is called Kingfisher.
Vito Racanelli

From the front, back, or side it’s a handsome car, and certainly gets its share of acknowledging looks from pedestrians. The Bentley GTC driver quickly learns to recognize the envy of onlookers and other drivers. The color of the model we drove is called Kingfisher. We plebs would say it was a sweet shade of light blue. OK, Kingfisher, if you must. The GT hardtop is just US$259,000 before options but we recommend the GTC Speed convertible, unless you live way up North. The Bentley line up consists of a range of GT and GTC models that can be customized for engine size and hp; convertibles and hardtops; and colors, etc., among other accouterments.

The Cabin

In a few words, luxurious and spacious for the front two passengers, but little room for others in the back seat. It’s a GT 2+2, typical in that the back seats are negligible for humans. As we tested a convertible, we shoehorned a 6-footer into the back seat with the top down, but the advantage of being able to lick your knees was somehow lost on our uncomfortable passenger. Best to keep the backseats to dogs or children.

What’s Not to Like

Penta has noted in other expensive luxury sports competitors to Bentley: the invasion of plastic in the cabin. Yes, it lightens the car’s weight, improves performance, yadda, yadda, yadda. But even a little is a lot for cars at this price level. This Bentley does have plastic here and there in the cabin. Not a lot, but really, one might expect control knobs made of gold in this price range. And the gasoline tank dial could be bigger and better placed, but you get used to it. Maybe you don’t want to see, or care, for that matter.

At the end of a long summer’s day driving the GTC Speed, you feel as if you are in a fast and mobile Four Seasons Suite.

The Apple growth and profit machine is wavering, and the boost from price increases might not be enough to keep it going at historic rates. That dials up the pressure on Apple’s new chief executive, John Ternus.

The company saved the bad news for its earnings call, an hour after it posted its results for the September quarter, projecting that for the current quarter its high-margin services business will continue to slow and that its widely watched gross profit margin will continue to fall.

Apple AAPL -1.83%decrease; down pointing triangle shares had been flat in post-close trading but declined as much as 4% after the company made the projections, which fell short of Wall Street estimates.

The impact of high memory costs are weighing even more heavily on the company, Ternus and Apple Chief Financial Officer Kevan Parekh said on the company’s earnings call. Apple has stockpiled cheaper components purchased earlier, but those inventories are dwindling.

When Ternus took over as Apple’s third chief executive of the past 29 years on Sept. 1, he inherited sky-high expectations. The men he followed were among the most successful company leaders in American business history. Steve Jobs revolutionized consumer devices multiple times. Tim Cook expanded Jobs’s creation to spectacular heights.

The expectations are reflected in Apple’s huge valuation. Oppenheimer analyst Martin Yang noted that Apple stock trades at 36 times next year’s expected earnings, a premium to the overall market, even though its earnings are only expected to grow 1%, which is slower than its tech peers.

“We see insufficient upside to justify the premium,” Yang wrote in an investor note, adding that Apple needs to boost iPhone sales growth and turn around its slowing services business to make him more bullish.

Investors have bid up Apple shares because it has been a port in the AI storm—a reliable and capital-efficient business that stands apart from rivals which are spending hundreds of billions of dollars racing to the AI frontier.

While others invest in data centers, Apple has been pouring its own cash into buybacks and dividends. But that safety may be challenged if Ternus can’t speed up Apple’s innovation engine.

Apple’s lagging performance in AI was evident when its new “Siri AI” chatbot arrived this past quarter. Its long-maligned assistant was already stale the day it arrived, surpassed by agents such as Instinct and Muse that can complete multistep tasks for consumers, while Siri still sets kitchen timers.

Apple needs to give people reasons to buy its devices as they get more expensive. The company raised prices across the board last quarter to help offset higher costs. Without compelling new features, a big question is whether consumers will slow the frequency of iPhone upgrades.

The new iPhone Duo appears to be a bright spot. Consumers are scooping up the $1,999 foldable smartphone despite mixed reviews—so many that Apple can’t keep up with demand. Shipping dates jumped out to January soon after the device went on sale, a disappointment for the normally reliable Apple supply chain.

Apple said its revenue grew 12% in the September quarter, slightly ahead of Wall Street’s expectations. Its widely tracked gross profit margin, at 47.9%, also came in just ahead of analyst estimates.

Apple will need to find new growth avenues because a reliable engine during the Cook era—the services business—is slowing. Courts and regulators worldwide have limited Apple’s ability to charge developers big fees to distribute apps through its App Store, the biggest component of the company’s services segment.

One of its most lucrative App Store fee generators has been the ChatGPT app from OpenAI. Around the time Apple accused OpenAI of trade-secret theft this past summer, OpenAI began redirecting potential subscribers to pay via its website instead of the App Store, skirting Apple’s tollbooth.

Apple’s valuation has bumped up against a ceiling in recent weeks. Six times it traded above a $5 trillion market capitalization intraday before finally closing above the threshold, which it has already fallen back below.

News Corp, owner of The Wall Street Journal, has a commercial agreement to supply news through Apple services.

Bentley’s 2023 Continental GTC Speed: A Cheetah in a Lion Suit

Apple’s growth engine is showing signs of slowing, as rising costs, weaker services growth and AI competition challenge its profitability. With John Ternus taking the helm, the pressure is on to reignite innovation and sustain investor confidence.