2023 Lamborghini Urus S 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

Lamborghini applies to trademark 'Revuelto' name in Europe

Lamborghini's path to an electrified lineup begins with plug-in hybrid versions of its Huracan, Aventador and Urus by the end of 2024. It's first battery-electric vehicle is due before the end of the decade, reporting last year putting the launch in 2028. We expect there will be a few concepts and show cars presaging the first pure EV from Sant'Agata Bolognese, and a couple of trademark filings could tell us what a forerunner or the car itself will be called. CarBuzz discovered Lamborghini filings in Europe and Italy to reserve the name "Revuelto." The Spanish word has quite a few meanings, like mixed, untidy and nauseous. Then there are two meanings that could apply to a revolutionary electric product from a brand known for screaming V12s: Restless and turbulent. If we want to push the wordplay, there's a third meaning we could apply: Scrambled, as in eggs, although that could also apply to expectations. The supercar maker wants to cover every base with the name, it seems. The applications with the European Union Intellectual Property Office specify four classes, an umbrella sheltering everything from electric cars and EV components specifically to car parts and accessories in general, as well as scooters, car-related games and toys, and clothes. We have no idea what kind of battery-powered go-fast is coming from that corner of Italy, except that it will be a 2+2 GT described as having "a bit more ground clearance." Superficially, that sounds like an elevated version of the Asterion LPI 910-4 hybrid concept car (pictured), something we'd be totally OK with, but the target is "a four-seater two-door like the GT cars of the Fifties and Sixties." Designers and engineers are working on it now, still in the exploratory phases of how to deliver everything buyers want from a raging bull the minus the trademark V10 and V12 noises. Company boss Stephan Winkelmann noted two vital aspects in comments to TopGear last year, the first being, "Yes, we have opportunities to be different in terms of body styles, but the cars will always be immediately recognizable as Lamborghinis." After looks comes handling, Winkelmann adding that performance EVs have great straight-line acceleration, but not enough lateral capability to satisfy Lamborghini. "It’s about how you put all the handling capabilities inside the car, which today is missing in electric cars.

The Mansory Venatus is a widebody Lamborghini Urus that could scar your retinas

Nothing says, "I am a person of exquisite taste with an appreciation for subtlety" quite like the purchase of a Lamborghini Urus, but there are some in the world for whom that is not enough, people who need just a little bit more if they're to be properly satisfied.  From the extensive use of carbon fiber in crafting new exterior parts, to the hours spent painstakingly poring over every detail of the interior to make sure it was as blue as possible, it's clear the Mansory Venatus is nothing if not more. It's also not new, strictly speaking. With the 2020 Geneva Motor Show deteriorating into a sort of chaos, we've been perhaps a bit over-vigilant in looking for anything that may have fallen through the cracks in coverage. While researching Mansory's new Bentley Continental GT offering, we spotted this gem and quickly realized that it slipped under our scopes last year. Either that, or the sight of it alone inflicted so much trauma that we've blocked it out; it could easily have gone either way.  The Venatus is essentially a collection of wide body panels and other exterior parts from Mansory's growing Urus catalog. Everything from the individual pieces of the fender flares to the front of rear bumpers can be ordered individually, or as part of Mansory's three available Urus packages: Soft Kit, Wide Body and this one.  This is far from the first time Mansory has thrown carbon fiber at a Lamborghini. We're frankly surprised that it isn't even more extreme, either visually or in terms of performance, as the German tuner has gone down both roads before.  Related Video: