1999 Audi A6 Quattro Avant Wagon 4-door 2.8l 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.

Notes and notations on the 2014 Rolex 24 at Daytona [w/video]

This year is the 52nd edition of the Daytona 24 Hours. The 2014 Rolex 24 at Daytona is also the first race of the year in the brand new TUDOR United SportsCar Championship (TUSCC) With the merger of the American Le Mans Series and Grand-Am Rolex Sports Car Series rewriting and revising the rules of American sports car racing right up until yesterday, we've made the journey to an intermittently wet and constantly freezing Daytona Beach, Florida with Audi to watch the new R8 LMS and every other competitor explore the limits of those rules on the track.
With a ton to cover - and a couple of videos below to watch, including some slo-mo qualifying footage and a hot lap in an R8 LMS - let's not waste time with chit-chat, eh?
Quick things to know about the classes and the leader-light system:

2016 Audi S8 Plus burns the 'bahn faster

At no point during my drive of the Audi S8 last year did I think, "You know, this car could really use more power." With 520 horses on tap from a twin-turbo, 4.0-liter V8, the S8 is a damn good luxury/sport sedan. But I'm certainly not going to complain about a big ol' power boost, and that's just what we have here with the new Audi S8 Plus. It's got the same engine underhood, but power is boosted from 520 hp and 481 pound-feet of torque to a healthy 605 hp and 516 lb-ft. There's even an overboost function that increases torque output to 553 lb-ft for short bursts. That means the big S8 will run to 60 miles per hour in just over three and a half seconds. Hot damn. All that thrust doesn't come cheap, though; the S8 Plus costs $115,825. Of course, that's cheaper than the Mercedes-AMG S63 sedan, but the Merc is a decidedly more luxurious car. Still, a 605-hp S8 sounds mighty fine to me. Of course, a 520-hp S8 was already perfectly fine to begin with.