1997 Audi A4 Quattro 2.8l V6 on 2040-cars

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VW stock plummets as Euro markets open

The fallout from Volkswagen's installation of an emissions "defeat device" on nearly 500,000 diesel-fueled models in the US is already hitting the automaker hard on the German stock exchange. At one point, the share price plummeted 23 percent to erase the equivalent of $17.6 billion in value. Things eventually bounced back slightly to a still severe 19.23 percent loss, according to Bloomberg as of this writing. The scandal couldn't come at a worse time for chairman Martin Winterkorn. The VW supervisory board takes up the issue of renewing his contract on September 25, Bloomberg reports. If things get bad enough, the door could be open for a new boss to step in. Dealers in the US might start feeling the pain from this, as well. Affected 2015 VWs that are still at showrooms are now under a stop sale. Until the issue is straightened out, the Environmental Protection Agency isn't certifying the company's 2016 diesel models with the 2.0 TDI, either. The diesel emissions problem was first discovered by research from West Virginia University and the International Council on Clean Transportation. In some cases, the engines can produce 40 times more nitrogen oxides than allowed. The automaker could be on the hook for $18 billion in fines for the breach, but the actual figure is expected to be lower. In response, Winterkorn has issued a public apology and ordered an independent investigation into what happened. The EPA and California Air Resources Board have also been looking into the situation. This could become an international problem, though. According to The Detroit News, European authorities might begin similar inquires to check the automaker's diesel emissions there.

Audi plans three electric vehicles by 2020

Audi reiterated its focus on electrification Wednesday and said it is planning three new battery-powered electric vehicles by 2020. The announcement, made at Audi's annual corporate press conference in Ingolstadt, Germany, also confirmed more electric models will follow after 2020. Audi, which is clearly making electrification one of its core strategies, has trained more than 6,000 workers in high-voltage technology and is working on quick-charging public infrastructure. While Audi did not specify the new models, it is expected to expand use the E-tron name as a sub-brand throughout its portfolio, with a new sport utility vehicle the first to arrive. Audi showed a Q8 plug-in hybrid concept in January at the Detroit Auto Show (above) and an E-Tron Quattro concept styled like a future Q6 at the 2015 Frankfurt Motor Show. Conversely, Audi said last year it would kill off the R8 E-tron supercar in a move that allows it to focus on SUVs, which offer broader sales potential. The electrification strategy is part of Audi's role as the technology lead within the Volkswagen Group, which also highlights autonomous driving. Audi has a subsidiary that's developing solutions for cities, including a robot taxi service that could be used across the VW portfolio. Meanwhile, Audi said it took a $1.9 billion charge as a result of the VW Group diesel-emission and Takata airbag scandals and turned an operating profit of $3.3 billion as part of its Wednesday announcement. The company also reiterated its product cadence, and the next-generation A7 is due in 2018 along with the Q8. A new Q4 model will join the portfolio in 2019. Related Video:

2015 Audi R8 Competition ready to rock LA

The heyday of the first-generation Audi R8 is winding down, and the Four Rings already has a bespoke factory to start building the next model soon. In the meantime, the German brand is sending its supercar off with a bang at the 2014 Los Angeles Auto Show in the form of this limited-edition 2015 R8 Competition - the most powerful production vehicle ever made by the company.
Audi is earmarking just 60 examples of the Competition for the US, and this is more than just a trim package to say farewell. Power for the supercar comes from the usual 5.2-liter V10 that's massaged to develop 570 horsepower, an extra 20 hp over the already quite potent V10 Plus, and the only available transmission is the seven-speed, dual clutch S Tronic gearbox. The tweaks let this limited R8 rocket to 60 miles per hour in 3.2 seconds and achieve a maximum velocity of 199 mph. To haul that speed to a stop, it also gets ceramic brake disks with red calipers.
Of course, having such a rare supercar means showing off a little. Audi takes inspiration from the R8 LMS Ultra racecar for the Competition and tries to bring some of its details to the street. The model wears matte carbon fiber pieces replacing the rear spoiler, mirror housings, side blades, front spoiler and rear diffuser. For an extra mean-looking touch, it also has high-gloss black paint covering the wheels and exhaust pipes.