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Magnus Walker and Alex Ross stop by Leno's garage with their 997 GT2

The market is littered with Porsche 911 tuners, with names like 9ff, Gemballa and TechArt leading the field. Seldom do any two ever collaborate on a joint project, but that's just the kind of match that was made at Jay Leno's Garage. That's where Alex Ross of SharkWerks and restomodder Magnus Walker first met, sparking a collaboration that yielded the car you see here. And fittingly, they've brought it back to the garage to show off what resulted. Though Walker usually deals with older Elfens, this time he applied his eye for style on a more contemporary 2008 997 GT2, decking it out with grey stripes, orange bumpers, gold wheels and decals and a tartan-upholstered interior. He left the mechanical bits to Ross and company, who dropped the suspension and increased output to 650 horsepower at the wheels (775 at the crank), surpassing the stock GT2 and even the later GT2 RS. The result is pretty hard-core and old-school, but you'll want to watch the video above to see for yourself.

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.

Porsche 911 Carrera gets turbocharged engine for under $90k

There's a new Porsche 911 Carrera blowing into dealerships in March of 2016, and it will be the first such model from the German automaker to boast a turbocharged engine. Making 370 horsepower and 331 pound-feet of torque from 3.0 liters of displacement, the new flat-six engine in the base Carrera is 20-hp stronger than it was in 2015. Carrera S models bump the power level to 420 ponies and 368 lb-ft thanks to tweaked tuning parameters. The added grunt makes these the fastest 911 Carrera models ever, with Porsche touting a 7:30 lap – a full 10 seconds faster than before – of the famed Nurburgring track in Germany as proof. Those who only care about going fast in a straight line will be delighted by the 4.0-second 0-60 time of the base Carrera and even more impressed by the S model's 3.7-second run. Top speeds are 183 and 191 miles per hour, respectively. A seven-speed manual transmission is standard, and Porsche's Doppelkupplung (PDK) automated manual gearbox is optional. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. When equipped with the Sport Chrono Package, the 911 Carrera features a new mode switch on the steering wheel with settings for Normal, Sport, Sport Plus, and Individual. Porsche Active Suspension Management is standard on all models, and, in another first for a Carrera, rear-wheel steering is optional. Efficiency hasn't been forgotten for 2016, either. Porsche says its new 911 Carrera models will be as much as 12-percent more fuel economy with their new turbocharged engines. Tech buffs will surely appreciate the new Porsche Communication Management infotainment system, which features multi-touch gesture capability and handwriting recognition right on the seven-inch display. Apple CarPlay is also supported, and Google Earth and Streetview are new to PCM for 2016. The 2017 Porsche 911 Carrera is slated to hit the States with an MSRP of $89,400 (we assume that won't include destination, which in 2015 equals $995), which is about $5,000 more expensive than the 2015 model that's currently available. The 2016 Carrera S will carry a sticker price of $103,400, which is a $4,500 increase. Cabriolet models will run from $101,700 to $115,700. Porsche will show its latest 911 Carrera off at the upcoming Frankfurt Motor Show, but you can read all the details right now in the press release below.