Cayenne Turbo Twin Turbo V8 Navigation Air Suspension We Finance on 2040-cars

Auto blog

Porsche Panamera wagon won't come to America until 2018

Porsche has teased us with a wagon version of the Panamera for years now. First as the Panamera Sport Turismo concept at the 2012 Paris Motor Show, and more recently we've seen prototype spy photos of extended rooflines Panameras as well. Now Automotive News confirms that the wagon is not only in the works, but that it will be sold in North America. "We have to have some patience for [the wagon] to arrive in the U.S.," Porsche Cars North America CEO Klaus Zellmer told AN. "But we are confident that this car will be well received here, despite the fact that this country doesn't really like hatchbacks or wagons." Wagons are particularly popular in Germany, encouraging local automakers to continue developing and producing them even as they expand their crossover offerings. Only some of those make their way across the Atlantic, however. Though Audi, for example, offers Avant wagon versions of its A4 and A6 models, it brings only the latter over in ruggedized Allroad trim. Mercedes similarly offers wagon versions of the C-Class, CLA, and CLS back home, but only sells the E-Class wagon in America. And BMW keeps the Touring version of its 5 Series back home while brining over only the 3 Series wagon. Porsche is slated to reveal the new Panamera in four-door form at the Paris show in September, with the wagon version to hit the European market sometime next year. Don't expect to see the five-door model in US showrooms, then, until 2018 at the earliest.

Some kind of Porsche 911 spied in Germany

Seeing a Porsche undergoing testing in Germany – even at the Nurburgring – is hardly a rare sight. But this one has us scratching our heads. Though almost entirely devoid of any sort of camouflage, this particular 911 clearly has something going on. It's got LED daytime running lights (similar in appearance to those on the Cayman GT4) integrated into the front end, extra air vents around back, and a pair of exhaust tips poking out the middle of the rear bumper. In the end, we could be looking at the upcoming facelift scheduled for the 911 that will see it shift to forced induction across the entire range (save for the GT3 and GT3 RS) – or this could be another version of the existing model. Porsche has been known to churn out a steady stream of those, after all. One way or another, though, it looks like we'll be finding out sooner than later – judging from how ready this particular Elfen looks to hit the show stand and showroom. Related Video: Featured Gallery Porsche 911: Spy Shots View 18 Photos Image Credit: CarPix Spy Photos Porsche Coupe Performance

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