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Mercedes-Benz Q3 2026 Results: Record Electric Car Sales Offset Growing Pressure in China

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Mercedes-Benz recorded its strongest-ever quarterly electric vehicle sales in the third quarter of 2026, with BEV deliveries climbing 61% year-on-year. However, intensifying competition in China, currency headwinds and higher costs forced the German automaker to lower its full-year financial outlook, despite improved reported operating profit.

Mercedes-Benz Group has reported a mixed set of financial results for the third quarter of 2026. While the company achieved record battery-electric vehicle (BEV) sales, continued to expand its presence in Europe and the United States, and benefited from strong performances in its van and financial services divisions, challenging market conditions in China continued to weigh heavily on its passenger car business.

The Stuttgart-based manufacturer recorded third-quarter revenue of €30.7 billion, compared with €32.1 billion during the same period last year. Reported Group EBIT increased substantially to €1.77 billion, up from €750 million in Q3 2025, while net profit rose to €1.52 billion from €1.19 billion.

However, the improvement in reported operating profit requires some context. It was primarily driven by lower adjustments compared with the previous year’s third quarter. Adjusted Group EBIT, which provides a clearer picture of underlying operating performance, actually declined by 15%, reaching €1.78 billion compared with €2.10 billion a year earlier.

According to Mercedes-Benz CEO Ola Källenius, the company’s new models are attracting customers, particularly in Europe and the United States, but the global business environment has become increasingly difficult.

The company is responding through tighter cost controls, productivity improvements and continued investment in new technologies, while relying on the financial strength of its industrial business to navigate the changing automotive landscape.

Record Mercedes-Benz electric car sales in Q3 2026

One of the most encouraging developments during the third quarter was the performance of Mercedes-Benz’s electric vehicle portfolio.

The company achieved its highest-ever quarterly BEV sales, with deliveries increasing by 61% compared with Q3 2025 and 29% compared with the second quarter of 2026. Battery-electric vehicles accounted for a record 16.8% of global Mercedes-Benz passenger car sales.

When plug-in hybrids are included, electrified vehicles represented 25% of the company’s worldwide passenger car sales.

Europe was particularly important to this performance. Almost one in every two Mercedes-Benz passenger cars sold in the region featured an electrified powertrain, while fully electric models accounted for approximately one-third of deliveries.

Customer demand for the latest electric models remains encouraging, with order books for several important vehicles in Europe extending well into 2027.

The figures suggest that Mercedes-Benz’s extensive product renewal programme is beginning to deliver meaningful results, particularly as the company expands its electric offering across different vehicle segments.

The new electric GLC has been an important contributor to the positive momentum in the Core segment outside China, while the all-new CLA has helped strengthen the Entry segment. The electric GLC also received the German Premium Car of the Year 2027 award, further reinforcing the model’s position in the premium electric SUV market.

The new CLA, meanwhile, has received significant industry recognition, having been named Car of the Year 2026 and earning the Best Performer distinction in Euro NCAP safety testing.

Another important development came from the flagship S-Class. As production of the updated model ramps up, sales outside China more than doubled compared with the second quarter of 2026. The new S-Class subsequently received the 2027 MotorTrend Car of the Year award in October.

Despite these positive developments, Mercedes-Benz Cars delivered 407,232 vehicles worldwide during the third quarter, an 8% decrease compared with the 441,453 units sold in the same period of 2025.

The main reason was the challenging Chinese market, where increasingly aggressive competition continues to put pressure on established premium manufacturers.

Europe and the United States compensate for China’s slowdown

Mercedes-Benz is increasingly relying on markets outside China to support its passenger car business.

During Q3 2026, sales outside China continued to develop positively for the third consecutive quarter. European deliveries increased by 5%, with Germany recording particularly strong growth of 13%. Sales in the United States also improved, rising by 6%.

The positive performance demonstrates the importance of the company’s new product portfolio, which is helping Mercedes-Benz maintain customer interest despite a difficult global automotive environment.

However, the Chinese market remains a significant challenge. Intense competition, pricing pressure and changing customer preferences have reduced the earnings contribution from the region.

For Mercedes-Benz, China remains one of its most important markets, making the ability to defend its premium positioning and improve profitability there a central part of its strategy.

Mercedes-Benz Cars profitability under pressure

Although reported EBIT at Mercedes-Benz Cars increased by 5.8% to €455 million, compared with €430 million in Q3 2025, the underlying financial performance was considerably weaker.

Adjusted EBIT dropped to €560 million from €1.139 billion in the previous-year quarter. The adjusted return on sales consequently declined from 4.8% to 2.5%.

For the first nine months of 2026, Mercedes-Benz Cars achieved an adjusted return on sales of 3.5%.

The decline reflects several factors, including unfavourable currency movements, lower earnings from China, increased expenditure on marketing campaigns surrounding new model launches and costs associated with product lifecycle measures.

Efficiency improvements helped offset some of these pressures, but not enough to prevent a significant decline in adjusted profitability.

The company is currently completing its largest-ever product launch programme, which requires substantial resources but is intended to strengthen its competitiveness across the premium passenger car market.

Mercedes-Benz Vans and Financial Services deliver strong results

While the passenger car division faced considerable pressure, Mercedes-Benz Vans and Mercedes-Benz Financial Services provided important support for the Group’s overall financial performance.

Mercedes-Benz Vans recorded third-quarter sales of 84,421 vehicles, representing a 1% increase compared with the previous year.

Growth was particularly strong in the Rest of the World region, where deliveries increased by 25%, while North America recorded an 8% improvement. Sales of electric vans also developed positively, increasing by 12% year-on-year.

The division generated adjusted EBIT of €397 million, slightly below the previous year’s result. Its adjusted return on sales reached 9.4% in Q3 2026, while the nine-month figure stood at 9.9%, placing the business at the upper end of its expected range.

Profitability was affected by pricing pressure and preparations for the introduction of the new Van Architecture, which represents the largest product investment programme in the history of Mercedes-Benz Vans.

The company also used September’s IAA Transportation 2026 to showcase its commercial vehicle portfolio and the Mercedes-Benz PRO digital ecosystem, designed to provide professional customers with integrated vehicle and fleet-management solutions.

One of the main attractions was the all-new electric VLE, presented in an eight-seat configuration designed for professional shuttle services.

Mercedes-Benz Financial Services delivered an even stronger performance.

Adjusted EBIT increased by 42% to €445 million in the third quarter, compared with €313 million in Q3 2025. For the first nine months of 2026, adjusted EBIT climbed by 52% to €1.35 billion.

The improvement was supported by higher portfolio margins, a favourable development in credit risk costs and disciplined expense management.

The division’s adjusted return on equity increased to 13.8%, compared with 9.6% in the same period last year.

Financing and leasing remain an important part of the Mercedes-Benz business model, with nearly one in every two vehicles sold supported by Mercedes-Benz Financial Services.

Mercedes-Benz accelerates investment in AI and software-defined vehicles

Beyond its financial results, Mercedes-Benz is continuing to expand its technology strategy, with artificial intelligence and software-defined vehicles playing increasingly important roles.

The company’s proprietary MB.OS operating system is being introduced across all new and updated Mercedes-Benz models, regardless of their powertrain configuration.

The objective is to create vehicles that can receive over-the-air software updates across multiple vehicle systems, including driver assistance technologies.

Following its introduction in China and the United States, point-to-point assisted driving is scheduled to arrive in the first German cities by the end of 2026.

Mercedes-Benz is also strengthening its collaboration with NVIDIA to develop the next generation of driver assistance and automated driving systems. The partnership combines Mercedes-Benz engineering expertise and its MB.OS platform with NVIDIA’s computing capabilities and artificial intelligence technologies.

The company is also maintaining a multi-technology powertrain strategy, offering customers fully electric vehicles alongside advanced combustion engines equipped with 48-volt hybrid technology.

Artificial intelligence is also being integrated into the company’s internal operations.

One of the most important initiatives is PLM.AI, a new AI-native digital backbone designed to connect product development, procurement, production, sales and after-sales operations.

Mercedes-Benz expects the system to reduce product development times by up to 30%.

In manufacturing, AI applications are already being integrated into the MO360 digital production ecosystem to support quality control and improve operational efficiency.

The company is also working to automate administrative and sales processes, with the objective of accelerating decision-making, reducing complexity and freeing up resources for innovation.

These investments are part of a broader transformation aimed at making Mercedes-Benz faster, more efficient and more competitive in an automotive industry increasingly shaped by software, electrification and artificial intelligence.

Mercedes-AMG expands its performance SUV portfolio

Mercedes-Benz is also continuing to expand its high-performance product offering.

Earlier in October, Mercedes-AMG presented the new Mercedes-AMG GT SUV, the first full-size SUV developed entirely in-house during the brand’s 59-year history.

The model is the second vehicle based on the AMG.EA high-performance architecture, following the recently unveiled Mercedes-AMG GT 4-Door Coupé.

The introduction of the new SUV demonstrates the importance of performance-oriented electric vehicles in Mercedes-AMG’s future strategy, as the brand looks to combine its traditional driving character with next-generation electric technology.

Mercedes-Benz intensifies cost-cutting measures

Despite its record electric vehicle sales and strong performances in several business divisions, Mercedes-Benz is maintaining a strict approach to expenditure.

During the first nine months of 2026, investments in property, plant and equipment, together with research and development expenditure at Mercedes-Benz Cars, decreased by 11% compared with the previous year.

This follows an investment peak associated with the company’s extensive product launch programme.

Mercedes-Benz has also intensified its global productivity measures since June, with particular attention given to its German operations.

The company has already reduced fixed costs by approximately 25% since 2019 and plans to offer another voluntary severance programme for employees in indirect functions in Germany starting in December 2026.

During the first three quarters of 2026, Mercedes-Benz spent €6.4 billion on research and development and invested €2.9 billion in property, plant and equipment.

At the same time, it returned €5.2 billion to shareholders through dividends and share repurchases.

Despite these substantial expenditures, net liquidity in the industrial business remained relatively stable at €31 billion as of September 30, 2026, compared with €32.2 billion at the end of 2025.

The funding ratio of the company’s pension plans also improved, reaching 119%, compared with 113% at the end of 2025.

However, free cash flow from the industrial business declined considerably. It reached €3.1 billion during the first nine months, compared with €5.6 billion in the same period of 2025.

In Q3 alone, free cash flow amounted to €172 million, down from €1.367 billion a year earlier.

The decline was primarily associated with higher working capital requirements, particularly increased inventories of new vehicles expected to reach customers in the coming months.

Cash outflows of approximately €1.1 billion related to restructuring measures also affected the nine-month result.

Mercedes-Benz lowers its 2026 financial outlook

The increasingly difficult market environment, particularly in China, has forced Mercedes-Benz to revise its expectations for the full 2026 financial year.

The most significant adjustment concerns Mercedes-Benz Cars, where the company now expects an adjusted return on sales of between 2% and 3%, compared with its previous forecast of 3% to 5%.

The expected adjusted cash conversion rate has been increased to a range of 1.2 to 1.4, from the previous forecast of 1.0 to 1.2.

Investments in property, plant and equipment at Mercedes-Benz Cars are now expected to be significantly below the previous year’s level, rather than slightly below it.

At Group level, Mercedes-Benz now expects EBIT to remain around the previous year’s level, replacing its earlier forecast of a significant increase.

The outlook for free cash flow in the industrial business has also been reduced. The company now expects it to be significantly below the previous year’s level, compared with its earlier guidance of slightly below the prior-year figure.

For Mercedes-Benz Vans, the forecast for unit sales has been adjusted to approximately the previous year’s level, compared with the earlier expectation of slight growth.

The revised guidance reflects the combination of weaker market conditions in China, higher raw material costs expected in the fourth quarter and additional expenditure related to product lifecycle measures.

A challenging year for Mercedes-Benz despite record EV momentum

Mercedes-Benz’s third-quarter 2026 results illustrate the difficult balancing act facing traditional premium automakers.

On one side, the company is achieving encouraging progress in electrification, with record BEV sales, strong demand for new models and improving sales momentum across Europe and the United States.

On the other, declining adjusted profitability at Mercedes-Benz Cars, intense competition in China and significant transformation costs are limiting the financial benefits of this progress.

The strong performances of Mercedes-Benz Vans and Financial Services, together with the Group’s substantial industrial liquidity, provide important financial support as the manufacturer continues investing in its future.

The next challenge will be converting its expanding electric vehicle portfolio, software capabilities and AI investments into sustainable growth and stronger operating margins.

For Mercedes-Benz, the remainder of 2026 will therefore be less about chasing sales volumes at any cost and more about improving efficiency, protecting profitability and ensuring that its extensive product renewal programme delivers the financial returns expected by investors.

Source: Mercedes-Benz

Restomod

Audacious Automotive IV: 10,000rpm V8-Powered Audi Quattro Restomod Targets 200mph

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The Audacious Automotive IV is an extraordinary modern tribute to the legendary Audi Quattro, combining classic Group B rally-inspired styling with the mechanical foundations of the B7-generation RS4. Featuring up to 750bhp, an optional naturally aspirated 10,000rpm V8 and a six-speed manual gearbox, this exclusive restomod aims to deliver a top speed of 200mph.

The legendary Audi Quattro remains one of the most recognisable performance cars ever produced, thanks largely to its dominant presence in the Group B rally era. Now, British specialist Audacious Automotive is bringing its own interpretation of the iconic machine to life with the IV, an ambitious restomod that combines the unmistakable proportions of the original short-wheelbase Quattro with modern engineering and serious performance.

Rather than simply restoring an old rally legend, Audacious has taken a more unconventional approach. The IV uses the mechanical underpinnings of the B7-generation Audi RS4, produced between 2006 and 2008, creating a combination of classic styling, analogue driving characteristics and contemporary performance.

Founded by Mac Zaglewski, Audacious intends to give older vehicles a new lease of life rather than sacrifice perfectly preserved examples. Customers can commission the IV using an original Audi Quattro body shell, although the company expects approximately 80 percent of production to feature entirely new carbon-fibre bodywork that does not require a donor vehicle.

Audi RS4 V8 Power Meets Classic Quattro Character

Perhaps the most controversial aspect of the Audacious IV is its engine. While the original Audi Quattro established its reputation with a turbocharged five-cylinder engine, the new restomod takes a different direction by adopting the naturally aspirated 4.2-litre V8 from the B7 Audi RS4.

According to Zaglewski, the decision was driven by the desire to create a car that is genuinely enjoyable to drive, combining modern refinement with an unmistakably analogue experience.

The company considered the five-cylinder engine from the contemporary Audi RS3 but ultimately rejected it. One important reason was the requirement for a manual transmission. The B7 RS4 also offers a stiffer platform and a more sophisticated suspension arrangement, making it a more suitable foundation for the project.

Its Torsen-based all-wheel-drive system was another decisive advantage. Unlike the front-biased Haldex arrangement used in the RS3, the RS4’s Torsen system delivers a rear-biased driving character, better suited to the experience Audacious wants to create.

The original RS4 six-speed manual gearbox is retained, ensuring that the IV remains focused on driver involvement rather than relying on increasingly sophisticated electronic systems.

Four V8 Engine Configurations, Up to 10,000rpm

Audacious Automotive has confirmed four engine specifications for the IV, giving customers considerable freedom when configuring their cars.

The entry-level version receives a supercharger added to the original 4.2-litre V8, increasing output to an impressive 600bhp. Buyers looking for even greater performance can choose the Stage Two package, which introduces strengthened internal engine components alongside upgraded cooling and fuel-delivery systems to produce 750bhp.

However, the most ambitious specification is arguably the most exciting. Audacious is developing a high-revving version of the V8 capable of reaching an extraordinary 10,000rpm. Customers will also have the option of removing the supercharger entirely, depending on their preferred engine configuration.

Regardless of the chosen specification, power is delivered through the RS4’s original six-speed manual transmission.

The combination of a high-revving V8, manual gearbox and rear-biased all-wheel drive promises a driving experience that is becoming increasingly rare in the modern performance-car world.

With a targeted top speed of 200mph, the IV is intended to be much more than a nostalgic styling exercise.

Group B Rally Inspiration Meets Carbon-Fibre Construction

Visually, the Audacious IV draws heavily on the short-wheelbase Audi Quattro, with its bodywork inspired by the legendary Group B rally machines.

However, the design also incorporates subtle references to the IMSA GTO racing version of the Audi 90, the competition car that followed the Quattro’s original rally success.

The result is a more aggressive interpretation of the original silhouette, blending rally heritage with motorsport-inspired details. Interestingly, the car does not carry traditional Audi badges. Instead, it features specially designed Audacious branding, establishing its identity as an independent creation rather than an official Audi product.

Weight reduction has also played an important role in the development process.

Cars built using original Quattro body shells are expected to weigh between 1,400kg and 1,450kg, while carbon-fibre versions are targeting a considerably lower figure of approximately 1,200kg.

That difference could have a significant impact on acceleration, handling and overall driving dynamics, particularly in the more powerful 750bhp configuration.

Completely Redesigned Interior With Classic Audi Influences

The interior receives an equally comprehensive transformation. Audacious has abandoned much of the B7 RS4’s original digital equipment in favour of a completely redesigned cabin that reflects the brutalist character of the original Quattro.

The dashboard, instrument cluster and switchgear are all new, creating a more purposeful environment that prioritises mechanical interaction and driving engagement.

One notable element carried over from the donor vehicle is the RS4’s distinctive wingback seats. These retain their electronic adjustment functions, providing a combination of modern convenience and classic motorsport-inspired design.

The extensive personalisation programme will allow customers to specify virtually every aspect of the cabin, including upholstery materials, colours and individual trim details.

Every Audacious IV Will Be Individually Configured

Personalisation is expected to be one of the defining characteristics of the project. Audacious intends to ensure that no two examples of the IV are identical, offering customers extensive control over both appearance and mechanical specification.

Beyond exterior paint finishes and interior materials, buyers will be able to tailor the suspension and mechanical configuration according to how they intend to use the car.

This means an owner looking for a comfortable road-focused grand tourer can specify a different setup from someone who wants a more aggressive machine for track driving.

The example presented by Audacious features the 750bhp Stage Two engine configuration and a road-focused suspension setup. Finished in Zermatt Silver, it demonstrates the company’s approach to combining understated aesthetics with extreme performance.

Only 50 Examples, With Prices Starting at £350,000

Production of the Audacious Automotive IV will be strictly limited to just 50 examples, all assembled at the company’s base in Edinburgh, Scotland.

The first customer deliveries are scheduled for late 2027, while the complete commissioning and construction process is expected to take approximately three years from the initial order to the finished vehicle reaching the road.

Prices start at £350,000, excluding VAT, donor vehicle acquisition, transportation, registration and additional specification costs. Consequently, the final price could increase considerably depending on the customer’s chosen configuration.

With its combination of classic Audi Quattro proportions, B7 RS4 mechanical foundations, up to 750bhp and a potentially 10,000rpm V8 engine, the Audacious IV represents a particularly ambitious interpretation of the restomod philosophy.

It may not follow the traditional recipe for recreating the original five-cylinder Quattro, but that is precisely what makes it interesting. Rather than attempting to reproduce the past, Audacious is creating a modern performance machine that celebrates one of rallying’s greatest icons while embracing a very different engineering philosophy.

If the company delivers on its ambitious performance targets, the IV could become one of the most distinctive and desirable Audi Quattro-inspired restomods on the market.

Source: Audacious Automotive

News

Bugatti Could Build a Lightweight Manual Supercar, Mate Rimac Hints

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Bugatti could be preparing a radical new chapter in its history, with company president Mate Rimac suggesting that a future supercar could combine a lighter construction with a traditional manual transmission. While the upcoming Bugatti Tourbillon is set to redefine the brand’s performance credentials with a naturally aspirated V16 engine and hybrid technology, Rimac appears keen to explore a different direction for future models.

In an interview with TopGear, Rimac revealed that Bugatti is considering possibilities that extend well beyond the Tourbillon, including the prospect of a genuine manual gearbox in a future high-performance model. For a brand synonymous with extreme power, cutting-edge engineering, and record-breaking speed, the idea of a manual Bugatti would represent a significant departure from its modern approach.

Mate Rimac Wants to Explore New Possibilities for Bugatti

Rimac believes Bugatti’s evolving corporate structure gives the brand greater freedom to pursue ambitious projects. With Volkswagen and Porsche no longer involved in the company’s ownership, Bugatti has an opportunity to develop its own long-term strategy without being constrained by the priorities of larger automotive groups.

That independence could allow the French marque to explore niche supercars designed specifically for driving enthusiasts rather than focusing exclusively on maximum performance figures.

“We are going to do a lot of great things,” Rimac told TopGear, highlighting the opportunities created by the company’s new position.

For Rimac, who has built his reputation around electric performance and advanced automotive engineering, the appeal of a manual Bugatti is particularly intriguing. It suggests that future models could place greater emphasis on driver engagement, offering a more direct connection between the driver and the engine.

Bugatti Tourbillon Could Provide the Foundation

The starting point for these possibilities is the Bugatti Tourbillon, the brand’s next-generation hybrid hypercar. Rather than treating the Tourbillon as an isolated product, Rimac described its underlying engineering as a platform that could potentially support different types of vehicles.

That distinction is important. If the platform can accommodate alternative powertrains, drivetrains, and vehicle configurations, Bugatti could potentially develop a smaller, lighter, and more agile model without starting the engineering process entirely from scratch.

The Tourbillon itself combines an 8.3-liter naturally aspirated V16 engine with electric motors to produce a combined output of 1,800 horsepower. Its sophisticated hybrid powertrain and dual-clutch transmission are designed to deliver extraordinary performance, but they also add complexity and weight.

A future manual Bugatti would likely require a substantially different approach.

When asked whether a manual transmission could feature in a future Bugatti, Rimac gave an emphatic answer: “Absolutely. You can count on it.”

Although that statement does not confirm a production model or a launch date, it makes the possibility considerably more interesting.

A Lighter Bugatti With a Manual Gearbox?

One potential direction would be to create a more focused Bugatti that prioritizes driving involvement over outright technological complexity.

Such a car could retain the Tourbillon’s V16 engine while abandoning some of its hybrid components and replacing the dual-clutch transmission with a conventional manual gearbox. Removing the electric assistance system and simplifying the drivetrain could significantly reduce weight.

The result could be a supercar with an output approaching 1,000 horsepower, depending on the final engine configuration and tuning.

That would still place the hypothetical model among the most powerful road cars ever equipped with a manual transmission. More importantly, a lighter chassis and a traditional gear lever could give it a distinct character compared with the Tourbillon.

Instead of concentrating solely on acceleration figures and top speed, Bugatti could create a car that rewards driver skill and offers a more involving experience on challenging roads or race circuits.

However, there are considerable engineering challenges. A manual gearbox would need to handle the V16 engine’s substantial torque, while the clutch, cooling system, and drivetrain would have to meet Bugatti’s demanding durability and performance standards.

The exact extent to which the Tourbillon’s existing platform could accommodate such changes remains unknown.

Could Bugatti Build a 1,800-HP Manual Supercar?

Reducing power would not necessarily be the only option. Bugatti could instead explore forced induction or a simplified hybrid configuration to retain a much higher output while developing a manual transmission capable of handling the additional stress.

There is already a notable example of how far this concept can be taken. The Hennessey Venom F5-M pairs a twin-turbocharged V8 engine producing 1,842 horsepower with a manual transmission, demonstrating that an exceptionally powerful hypercar does not have to rely on an automatic or dual-clutch gearbox.

A comparable approach at Bugatti would be an extraordinary engineering undertaking, particularly if the company wanted to retain the Tourbillon’s naturally aspirated V16 character.

Turbocharging could increase power substantially, but it would also change the engine’s response and personality. A simplified hybrid system might preserve some electrification benefits, although integrating it with a conventional manual transmission would introduce additional complications.

For now, these remain possibilities rather than confirmed engineering plans. Rimac has expressed interest in the concept, but Bugatti has not announced a specific manual-powered model.

A Different Future for Bugatti

The prospect of a manual Bugatti reflects a broader question about the future of high-performance cars: does every new model need to be faster and more technologically sophisticated than the one before it?

The Tourbillon represents one answer, combining a V16 engine, electric motors, and advanced engineering to deliver 1,800 horsepower. A lighter manual model could represent the opposite philosophy, emphasizing mechanical interaction and a more intimate driving experience.

Such a car would also give Bugatti an opportunity to appeal to collectors seeking something fundamentally different from today’s increasingly automated hypercars.

Whether the company ultimately chooses a naturally aspirated V16, a turbocharged configuration, or a more limited hybrid system, the central idea is compelling. A manual Bugatti would not need to outperform the Tourbillon to justify its existence. It would need to offer a different kind of experience.

For now, the next-generation Tourbillon remains the immediate focus, but Rimac’s comments suggest that Bugatti’s future could be more diverse than its flagship hypercar alone would indicate. If the company follows through on his promise, enthusiasts may eventually have an opportunity to experience one of the world’s most exclusive automotive brands in a refreshingly old-school way.

Source: Bugatti

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