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RM Sotheby's Turbollection features exotics from the '80s and '90s

If you have even a passing interest in cars, there's little doubt you know a thing or two about Porsche, whether the topic centers around a classic name like 911 or the more mainstream Cayenne and Macan crossovers. Bugatti? Sure, most people know about the historic French builder of world-class, record-setting automobiles, though admittedly the EB110 we're about to show you probably wouldn't be the first to come to mind. Fewer are likely familiar with the likes of Vector Aeromotive, a tiny American company with history that dates back to the 1980s. And we'd wager that most have never even heard of the likes of Isdera and Cizeta. Brush up on your history, (super wealthy car collecting) folks. RM Sotheby's has an exciting array of cars coming up for auction during the Monterey Car Week festivities on California. Among all the expected Ferrari, Lamborghini and Shelby classics potential buyers can wade through, the so-called Turbollection collection features much rarer oddities.

Bugatti Veyron hybrid successor rumors surface anew

If you had told us when the Bugatti Veyron debuted nine years ago that its successor would be a hybrid, we would have responded that you were out to lunch. In fact, we didn't quite believe it two years ago when the rumor first surfaced. But that was all before Porsche, McLaren and Ferrari proved that hybrids could not only be quick, but entertaining drives, as well. And when we say "quick," we mean Nürburgring-conqueringly, 0-60 in under three seconds quick. Today, the idea of a hybrid hypercar doesn't seem far-fetched at all. And so we bring you new reports that the next Veyron - whether it carries the same name or not - will pack an electric assist.
This according to Reuters, which notes that Bugatti's old-is-new-again CEO Wolfgang Dürheimer is keen on hybrid propulsion as evidence that the Alsatian marque is likely to pursue such a powertrain for the Veyron's replacement. The system wouldn't help curb the Veyron's portly weight, of course, but it would likely help cut down its prodigious fuel consumption. The current car, by the way, would run dry after 12 minutes at its 250+ mph top speed (by which point the special Michelin tires would have melted anyway). More importantly - and more likely - the hybrid assist will make the new car even punchier at low revs.
Of course, even assuming Reuters is correct, there's no telling to what internal-combustion engine the electric motor in the next Veyron will be paired with. However, considering the massive sums of cash Volkswagen spent on developing the unique 6.0-liter quad-turbo W-16, we'd bet it'll use some form of the same - just with an extra jolt of electric power thrown in for good measure.

Volkswagen posts quarterly profit despite drop in sales

Volkswagen returned to profit in the third quarter as surging Chinese demand for luxury cars helped offset a 1.1% drop in vehicle deliveries due to the pandemic, sending its shares as much as 3% higher on Thursday. The German automaker's return to the black comes amid spiking coronavirus cases in Europe that led governments in France and Germany to order their countries back into strict national lockdowns on Wednesday. "The coronavirus remains a central problem," Volkswagen Chief Financial Officer Frank Witter said in a conference call with reporters. "This situation now is anything but relaxed." But Witter said the group expected the economic recovery to continue and did "not anticipate any nationwide lockdowns in larger markets." Witter said the takeover of U.S. truck maker Navistar International by Volkswagen's trucking unit Traton was an important acquisition, but the "current economic climate will not make this easy." Volkswagen reiterated it expects to post a profit for the full year, saying its business "recovered noticeably" in the third quarter as sales in China of premium vehicles, including Audi and Porsche sports cars, rose 3%. The quarterly performance was also aided by a series of cost-cutting measures launched earlier this year. Volkswagen said its net liquidity rose to 24.8 billion euros from 18.7 billion at the end of the second quarter. Excluding one-time items, third-quarter operating profit was 3.2 billion euros ($3.8 billion), down from 4.8 billion euros a year earlier, but up from a second quarter loss of 1.7 billion. In a note to clients, Jefferies analyst Philippe Houchois described the results as a "solid performance with strong cash, but relatively muted in the context of the (auto) sector recovery." Last week, German rival Daimler reported a record 24% jump in Chinese demand for its Mercedes-Benz cars, boosting its margins in the third quarter. Italian-American Fiat Chrysler Automobiles and Peugeot manufacturer PSA Group both also posted solid results this week. Witter said Volkswagen could not say for sure whether it would meet EU CO2 emissions targets this year, adding "it will be a tough race." At 1030 GMT, Volkswagen shares were up 2.9% at 129.20 euros. Related Video: Earnings/Financials Audi Bentley Bugatti Lamborghini Porsche Volkswagen