Convertible 5.0l on 2040-cars

Auto blog

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

2016 Lamborghini Huracan LP 610-4 Spyder First Drive

Convertibles get a bad rap when it comes to performance cars. Once, a lack of a roof meant extra performance. Now it means added weight and loss of structural rigidity. This stigma even applies to supercars, maybe more so. In the case of Lamborghini, the Huracan LP 610-4 Spyder is the "lifestyle" version. Which is silly, but doesn't diminish the appeal. Essentially, the Spyder is a Huracan with a fabric roof. Same 602-horsepower V10 inches behind the cabin, same hybrid aluminum-and-carbon-fiber construction, and same all-wheel-drive (though updated across the line for 2016). The performance compromise is a mere one mile per hour drop in top speed, and two-tenths of a second slower claimed 0-62 mph time of 3.4 seconds. (We suspect this is generously slow, to protect the egos of coupe owners). All told, the Spyder adds about 220 pounds in curb weight versus the coupe (Italian "dry" weight numbers are notoriously optimistic, so take the 3,650-pound Spyder claim with a grain of salt). The aerodynamic management on the Spyder is so good that the 201-mph top speed is valid with both the top up and retracted. In detail, the conversion in making the Huracan convertible is extensive. The roof itself is three layers of fabric, with a middle rubberized ply to cut down on interior noise. The design brief was to maintain the Huracan's hexagons-gone-wild theme with the top up and down. Spend 17 seconds waiting for the fully automatic top to lower, and the shape retains the coupe's motif. Part of the top's electronic ballet is a pair of flaps that extend out to preserve the shape of the B-pillar. Those flaps also feature narrow slits that smooth the wind along the side of the car, reducing turbulence near the driver's and passenger's ears. Additional side deflectors keep more wind away from your head. And with the top down the rear window's maximum height is restricted to prevent it from catching air. The aerodynamic management on the Spyder is so good that the 201-mph top speed is valid with both the top up and retracted. Suck on that, coupe aficionados. The Huracan's performance is so ridiculous that few can explore the margin between the two bodystyles. In any case, we didn't get much chance to stretch the Huracan's legs on our press drive in Miami, due a torrential downpour and the fact that South Florida is a terrible place for driving. Maybe that's where the "lifestyle" portion comes in, because Miami is a fantastic town for flaunting wealth.

Lamborghini reveals Asterion LPI 910-4 hybrid hypercar concept

There are automakers that roll out concept cars regularly as a matter of course, and there are those that rarely do. Lamborghini falls squarely in the latter category, which makes the vehicle you see here - revealed just a day before the Paris Motor Show - such a rare treat.
It's called the Lamborghini Asterion LPI 910-4, and if you're familiar with Sant'Agata nomenclature, you're probably already picking apart its specs based on those letters and numbers: LP for longitudinal posterior, telling you this is, like all other contemporary Raging Bulls, a mid-engined supercar. 910 tells you how much metric horsepower it packs. The 4 tells you it's all-wheel drive. But along with the name Asterion, borrowed from a mythical minotaur (a hybrid man-bull, for those unschooled in Greek mythology), it's the letter I - standing for "Ibrido" - which speaks of the novelty of this concept.
That's right, you're looking at the first gasoline-electric hybrid Lamborghini. A plug-in hybrid, in fact, that can travel 31 miles on electricity alone. The powertrain combines the 5.2-liter V10 and seven-speed DSG from the Huracán (good for 610 metric horsepower) to a trio of electric motors (good for another 300) to bring total output up to a claimed 910 - equivalent to 897 hp by our standards - assuming all four motors are running at peak output at the same time. That makes it the most powerful Lamborghini we've ever seen, and puts it in league with the McLaren P1 and LaFerrari. The result is a 0-62 time quoted at three seconds flat and a top speed of 199 miles per hour, or up to 78 mph in pure electric mode.