1970 Porsche 914 on 2040-cars

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Toyota reveals cause of heartbreaking failure at Le Mans

Toyota was set to become only the second Japanese automaker to win the grueling 24 Hours of Le Mans endurance race. But on the last lap, the No. 5 TS 050 car, which was being driven by Kazuki Nakajima, suffered a technical issue that resulted in a sudden loss of power. In a team statement, Toyota Gazoo Racing has revealed that the culprit was a "defect on a connector on the air line between the turbocharger and the intercooler." The defective air line connector, according to the statement, resulted in a loss of control over the turbocharger. The team isn't sure why the connector failed and is continuing to analyze the component to get down to the root cause, the team said in the statement. During the race, the team was able to get the No. 5 car running again by modifying the control settings. The fix, however, came a little too late as the vehicle could not complete the lap under Le Mans' maximum final lap time of six minutes and limped its way to 45th place. While the team is working hard to find the fix – to avoid a similar type of failure in the future – it claims there is no relation to the engine issues that were experienced by the two TS 050 cars at Spa during the World Endurance Championship in May. You can read Toyota Gazoo Racing's full statement here. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Image Credit: JEAN-SEBASTIEN EVRARD via Getty Images Motorsports Porsche Toyota Racing Vehicles le mans 24 hours

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

What hardcore 911 is Porsche working on now?

Porsche has been spotted testing a new hardcore version of the latest 911. The prototype appears to blend the best elements from the recently facelifted 991.2 with those of the outgoing GT3 RS, which both follows logically and bodes well for the German automaker's latest track-focused performance machine. That means new lighting and other touches, but also more ventilation than a toxic chemicals facility. The bigger question, however, is what engine Porsche is hanging off the back. If history teaches us anything, we could be looking at one of several possibilities. For one, this could be a prototype for the updated 911 GT3 RS, carrying a modified version of the existing model's 4.0-liter flat-six, still naturally aspirated, but maybe with a few extra horses kicked in over the outgoing version's 500 hp. For another, it could follow in the footsteps of the previous limited-edition GT3 RS 4.0, but since the existing model already boasts that displacement, this one could go a step further at 4.2 liters. But then it might not be a GT3 at all: we could be looking at the rebirth of the GT2, the primary difference between the two being the absence or presence of turbochargers. Porsche hasn't done a forced-induction GT model since the GT2 RS of 2010, and that was essentially a 911 Turbo sans the all-wheel drive and any shred of sanity. Whatever is lurking under all that aggressive bodywork, we're looking forward to finding out. And we get the distinct feeling that it won't disappoint. Related Video: Featured Gallery 2017 Porsche 911 GT2/GT3 RS: Spy Shots View 14 Photos Image Credit: CarPix Spy Photos Porsche Coupe Performance porsche 911 gt3 porsche 911 gt2 rs