2004 Audi A4 Quattro on 2040-cars

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Mixed sales results, but automaker stocks rise on need for cars in Houston

DETROIT — The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their stocks higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, while Honda fell 2.4 percent. Still, analysts focused on the potential for Detroit automakers to cut inventories and stabilize used vehicle prices as residents of Houston, the fourth largest city in the United States, are forced to replace tens of thousands, perhaps hundreds of thousands, of vehicles after the devastation from Hurricane Harvey. Mark LaNeve, Ford's U.S. sales chief, told analysts on Friday that following Hurricane Katrina in 2005 "we saw a very dramatic snapback" in demand. That said, Ford sales fell 2.1 percent in August. It sold 209,897 vehicles in the United States, compared with 214,482 a year earlier. Sales were down 1.9 percent in the Ford division and off 5.8 percent at Lincoln. Demand was down for cars, crossovers and SUVs. It was not clear how many vehicles in the Houston area will be scrapped, LaNeve said, saying he had seen estimates ranging from 200,000 to 400,000 to 1 million. Ford's Houston dealers may have lost fewer than 5,000 vehicles in inventory, he said. Ford is the No. 1 automaker in the Houston market, with 18 percent share, according to IHS Markit. The company plans to ship used vehicles to Houston dealers and has "every indication we would have to add some production" of new vehicles to meet demand, LaNeve said. Investor concerns about inventories of unsold vehicles and falling used car prices have weighed on Detroit automakers' shares most of this year. Now, automakers can anticipate a jolt of demand from a big market that is a stronghold for Detroit brand trucks and SUVs. "It's got to be a positive for the industry," LaNeve said. Investors appeared to agree. GM shares rose as much as 3.3 percent to their highest since early March. Ford increased 2.8 percent at $11.34, and Fiat Chrysler's U.S.-traded shares were up 5.2 percent $15.91, hitting their highest in more than five years. GM reported a 7.5 percent increase in U.S. auto sales in August, helped by robust sales of crossovers across its four brands.

Nine-time Le Mans winner Tom Kristensen to retire

Le Mans icon Tom Kristensen is retiring. The Danish driver, who was an integral part of Audi's absolute dominance at the 24 Hours of Le Mans, captured a record-breaking nine wins at the legendary endurance race, along with six overall victories at the 12 Hours of Sebring in a career that spanned 26 years.
"Over the past couple of months, my thoughts of retiring have been stronger, and therefore, it feels right to inform you today that I am retiring from motor racing," Kristensen told Autosport. "I still feel I am in peak physical form and possess the necessary mental toughness both in and outside of the car: it has been important for me to stop while I am still strong and able to deliver top performances at Audi."
While the World Endurance Championship's season-ending race at Interlagos on November 30 will be Kristensen's last as a driver, it won't be the end of his long-running association with Audi. According to Autosport, TK will take on a new role as an ambassador for the German marque and will work with team's drivers in an unspecified role.

The 2018 Audi A5 and S5 Cabriolets are here just in time for winter

There are no big surprises with the 2018 A5 and S5 Cabriolet. As you'd expect, the convertibles share a design with their coupe counterparts, the A5 and S5 coupes, refreshed versions of which were unveiled earlier this year. Alongside the coupes and upcoming sportback models, the Cabriolets complete the A5 lineup. At least until another RS 5 comes along. In Europe, the A5 will have five available engine options, including three TDI engines maxing out at a 286-horsepower 3.0-liter, and two TFSI gas engines, with the most powerful putting out 252 hp. There will also be a choice of three transmissions including a six-speed manual, a seven-speed S-Tronic dual-clutch gearbox, and as an eight-speed automatic. For the US, though, the powertrains should be the same as the new coupe's, with a 2.0-liter turbocharged four-cylinder generating 252 hp and 273 lb-ft of torque in the A5, replacing the 220-hp turbo four in the previous model. An eight-speed automatic is a definite, although the existence of a manual A4 sedan for our market leaves some hope that a six-speed could be available in the A5 Cabriolet or at least the coupe. Audi also hasn't made final decisions on whether a front-drive model will be available here as it has been in the past. View 13 Photos The S5 Cabriolet, just like the two-door model, uses a new 3.0-liter turbocharged V6 engine that produces 354 hp and 369 lb-ft of torque, which is 21 more horsepower and 44 more pound-feet of torque than the old 3.0-liter supercharged V6 made. Despite the bump in power, the new S5 Cab hits 62 miles per hour in 5.1 seconds, just like the previous model. It is again electronically limited to 155 mph. And like the coupe, it will use an eight-speed automatic and get Quattro all-wheel drive standard. The A5 Cabriolet loses roughly 88 pounds compared to the previous model. The cars use an updated five-link front suspension and Audi claims the chassis is 40 percent stiffer than before. The soft tops have more insulation to cancel out road noise, take 15 seconds to open, and 18 seconds to close. You can do either at speeds up to 31 mph. The A5 Cabriolet will be available with Audi's latest array of driver assistance systems, including its navigation-linked adaptive cruise control and collision avoidance assist. A seven-inch display, seat belt microphones, Audi's Virtual Cockpit infotainment and gauge package, and a head-up display are available on the inside.