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Xcar flogs the 2016 Audi RS3

In its latest video, Xcar reckons that just as hypercars from brands like Pagani and Koenigsegg are taking supercars to a new level, the hyper hatch is now supplanting the hot hatch. Roughly defined as three- and five-door models making well in excess 300 horsepower, the reviewer holds up the new Audi RS3 as the poster child for this high-speed revolution that brings huge performance in a quite useful package. With 362 hp and 343 pound-feet of torque from its 2.5-liter turbocharged five-cylinder and a seven-speed dual-clutch gearbox, the RS3 certainly doesn't lack for performance. Audi claims that it can get to 62 miles per hour in 4.3 seconds and to a top speed of 174 miles per hour. Xcar portrays that power as quite livable, though. Apparently, this hyper hatch is made less for top performance at the track, than being sublime on the road. It seems that this hyper hatch isn't destined for these shores, though. Audi isn't bringing the five-door RS3 to the US, but a version in the body of the A3 sedan is highly rumored. If it's as wonderful as Xcar portrays the five-door, then this might be one to look forward to.

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

Audi R8 Spyder is latest big New York Auto Show debut

The New York Auto Show hasn't been boring. Highlights so far are the kick ass Mazda MX-5 Miata RF and the new Lincoln Navigator Concept. And now, Audi has added a healthy dose of supercar to the mix with the new R8 Spyder. The headlining stats are familiar, seeing as how they're plucked directly from the new R8 hardtop. The only powertrain option is the 5.2-liter V10 and seven-speed S-Tronic dual-clutch transmission. That engine, as in the hardtop, is good for 540 horsepower and will get this droptop German to 62 miles per hour in just 3.6 seconds (only a tenth of a second off the Coupe's time). The convertible R8 will run all the way up to 197 miles per hour. Audi's release makes no mention of a higher-performance V10 Plus model, which is available on the R8 Coupe. That top-end trim bumps output to 610 ponies and cuts three-tenths of a second off the base hardtop's 3.5-second run to 60. The upside, of course, is unlimited headroom. The new fabric roof can be opened or closed at speeds up to 31 miles per hour, and the operating time is 20 seconds in both directions. The R8 Spyder hasn't exactly been a secret. We've spotted it testing as recently as August, and it was included on a leaked product road map last month with a listed March/April debut. Check back later for a full round of live images from the R8's New York debut. Until then, check out our first images of the new R8 Spyder, available up top. Related Video: New Audi R8 Spyder V10: debut at the New York International Auto Show V10 engine developing 397 kW (540 hp), from 0 to 100 km/h (62.1 mph) in 3.6 seconds New: driving dynamics system with performance mode Audi Space Frame with 50 percent improvement in rigidity 397 kW (540 hp), from 0 to 100 km/h (62.1 mph) in 3.6 seconds, top speed 318 km/h (197.6 mph) – the new Audi R8 Spyder* with V10 naturally aspirated engine merges impressive performance with the allure of open-top driving. Its striking design and high-end technologies demonstrate the concentrated expertise of the premium brand. Audi is unveiling its new open high-performance sports car at the New York International Auto Show 2016. "With its spontaneous throttle response, quick revving-up and inimitable sound, the 5.2 FSI naturally aspirated engine in the new Audi R8 Spyder delivers undiluted emotion," remarked Dr.-Ing. Stefan Knirsch, Member of the Board of Management for Technical Development.