1964 Red 356c on 2040-cars

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Volkswagen profit jumps as it warns of a cooling auto market

FRANKFURT, Germany — Volkswagen says its profits jumped 44% in the third quarter thanks to a more profitable mix of vehicles in its lineup but warned that global car markets are slowing more than expected and lowered its forecast for annual sales. After-tax profit rose to $4.42 billion (3.98 billion euros) as revenues rose 11% to $68.27 billion (61.42 billion euros). The sales margin of 7.8% exceeded the goal of 6.5-7.5% as vehicles bringing higher profits took a larger share of sales. The Wolfsburg-based automaker pointed to the headwinds facing the industry by saying that it expects "vehicle markets will contract faster than previously anticipated in many regions of the world." It said sales would be "on a level" with last year's record of 10.8 million vehicles. Previously it had expected a slight increase. The company said its profits would be in the lower end of its forecast range. Global automakers are facing a slowdown in sales amid disputes over trade and from pressure in the European Union and China to develop and sell low-emission vehicles that require heavy investment in new technology. Ford and Renault have issued profit warnings in recent days, while Daimler, maker of Mercedes-Benz luxury cars, lost money in the second quarter and is expected to outline a cost-cutting strategy for investors on Nov. 14. Volkswagen is leading the push into electric vehicles in Europe by launching its ID.3 battery-powered compact car at prices it says will make zero local emission vehicles a mass phenomenon. The company was able to increase earnings in the quarter despite an 18% rise in spending on research and development.

Preparing for Le Mans 2014 Porsche remembers 1971 and the 917 [w/video]

Porsche has given us another look back at its successes at the 24 Hours of Le Mans. This time it's 1971, the year that its 917 set records that haven't all been eclipsed. It's 45-kilogram magnesium tube frame was the lightest, Jackie Oliver set the fastest in-race lap with a time that still stands, and winning drivers Helmut Marko - the same Helmut Marko currently with Infiniti Red Bull Racing - and Gilles Lethem did so many laps that their distance wasn't exceeded until the Audi R15 TDI did it in 2010.
1971 was also the year of the "Pink Pig." With bodywork created by a French aerodynamics firm, the wider, rounder 917 earned the porcine moniker so Porsche painted it pink and labeled it with the cuts you'd get from a pig. Sponsor Martini was so miffed they demanded all Martini branding be removed. No one can remove the thousands of photographs taken of the car ever since. Enjoy that and more in the video below.

2017 Porsche Macan receives delayed CARB certification

Customers waiting for delivery of their 2017 Porsche Macans will soon receive their vehicles after several weeks of delays. The California Air Resources Board certified the performance crossover for sale Monday. Several outlets reported the certification had been held up in the aftermath of parent company Volkswagen's diesel woes, as regulators are now making much more thorough inspections of the vehicles. Without certification, Porsche could not deliver those vehicles to customers in 13 states that abide by CARB certification, including California, New York, Pennsylvania, and Florida, several of the largest markets for luxury automobiles in America. Not only did dealers need to stop sale of Macans they had on their lots, but an unknown number could not be released from port. Porsche Cars North America (PCNA) imports its vehicles through ports in Jacksonville, FL, Davisville, RI, Houston, TX, and San Diego, CA. A spokesman for Porsche told Autoblog the issue has been resolved, and that the Macans received certification Monday. "Shipping has already been initialized," spokesperson David Burkhalter wrote. Pressed for details on the circumstances behind the delay, he said the process was simply "now the normal business procedure for certification." The Macan is a pivotal model for Porsche, particularly in the US market, which accounts for 22 percent of its worldwide sales. Last year, the Macan was the second-best selling Porsche model in America. Its 13,533 units sold trailed only the 16,473 Cayennes purchased by US buyers. Diesel models of the Cayenne manufactured between 2013 and 2016 contained the defeat devices at the center of Volkswagen's emissions cheating, according to the Environmental Protection Agency. The company offers the Macan with a range of turbocharged six-cylinder engines ranging in output from 340 to 400 horsepower. While a diesel version is not offered in the United States, Porsche has now started importing a less powerful, but more accessible (and slightly more fuel-efficient) version with a 2.0-liter turbo four. Related Video: