2005 Audi A4 3.0 Quattro Convertible 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.

The super-luxury Audi Q8 concept is coming to the Detroit Auto Show

We've known the Q8 was on the way since last May, and now we'll get a better glimpse of the range-topping Audi SUV at the 2017 North American International Auto Show. The Q8 is, according to CEO Rupert Stadler, "a sporty Q derivative." It also has the same phonetic pronunciation at the country of Kuwait. To be clear, the vehicle coming to the Detroit show is the Q8 concept, so expect the standard treatment for thinly-disguised production cars like giant wheels and impossibly-small side mirrors. According to a leaked document from earlier this year, the production Q8 comes sometime in 2018. Like most teasers for auto-show reveals, this one only gives us a rough idea of what the car will look like. In this case, that's big, bold, and imposing. Or, as the press release states: "The octagonal Singleframe is considerably wider than that in Audi's current production Q models. Enhancing the forward positioned stance, is dynamic three-dimensional sculpting." We put the quote there to prove you can't make this stuff up. The next sentence in the release says there are design elements reminiscent of the 1980's Audi Quattro, which we consider a positive. According to the latest press conference schedule, expect the Q8 concept to debut at 8:00 AM on Monday, January 9.Related Video: Image Credit: Audi Detroit Auto Show Audi Crossover SUV Concept Cars Luxury 2017 Detroit Auto Show

Audi SQ7 coming, will have electric turbo

Formula 1 and endurance racing are already harvesting energy from turbos on the track, and now it's apparently time for a similar idea of boosting the efficiency of forced induction to hit the streets in a high-performance, diesel SUV.
In a recent interview with the UK's Autocar, Audi technical boss Dr. Ulrich Hackenberg let the big news slip. "The new Q7 will be available in the market next year but the electric turbo will come a bit later in the Audi SQ7 available in 2016," he said. The e-turbo system was already rumored for the premium SUV but for the standard model, not this just-announced performance version.
Audi has been experimenting with the e-turbo system for a little while, as an electrically driven supercharger. It showed up on the RS5 TDI concept that used a 3.0-liter, twin-turbocharged diesel V6 plus the electric system to diminish turbo lag. In that application, it provided an impressive 385 horsepower and 553 pound-feet of torque and an alleged sprint to 62 miles per hour in 4 seconds. Although, Dr. Hackenberg didn't make it clear if this was the exact layout for the SQ7.