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2017 Audi Q7 2.0 is $5,800 cheaper than the least-expensive V6

Audi has announced that it will add an entry-level Q7 model with a turbocharged 2.0-liter four-cylinder engine. With a starting price tag of $49,950 for a 2.0 Premium, it's a substantial $5,800 less than a 3.0 Premium, which starts at $55,750. With less money comes less power. In contrast to the V6's 333 horsepower and 325 pound-feet of torque, the turbo-four only offers 252 ponies and 273 lb-ft of torque. However, Audi says the 2.0 is half a second quicker to 60 mph than the entry-level V6 model from 2015. That model accelerated to 60 in 7.7 seconds, so expect a low 7-second time from the turbo-four. You'll probably want to spring for the 3.0 if you want to tow. The four-cylinder will tow up to 4,400 pounds with the towing package, which is much less than the V6's 7,700-pound capacity. Although power and towing ability are less in the 2.0, gas mileage goes up. Current V6 models are rated at 21 miles per gallon overall for city and highway mileage, and the four-cylinder improves that by 1 mpg. It's not much, but it's still a little bonus to the big up-front discount. So if you need an Audi Q7, and saving money is your priority, the new 2.0-liter iteration may be the version for you. Related Video: Featured Gallery 2017 Audi Q7: Second Drive View 23 Photos Image Credit: Audi Audi SUV Luxury

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

The Audi RS3 LMS looks hot and ready

Audi had several reveals this week at the Paris Motor Show, but nothing was more batty than the new RS3 LMS race car. Audi's latest hot homologation car starts with the all-new RS3 sedan, removes all of the unnecessary bits and adds all the racing-spec equipment you could want. The result is a full-prepped, relatively affordable factory race car. That relatively affordable part is very important. Audi Sport, the division behind the R8 LMS as well as the R and RS road cars, designed the RS3 LMS for the still-new TCR FIA-spec racing series. The cars will cost about $112,000 USD for the club sport version and $145,000 with the six-speed sequential transmission. Not bad for a fully FIA-friendly factory machine. The new TCR series races follow other FIA series like Formula 1 and WEC. <p>Your browser does not support iframes.</p> All that cash get's nets you a pretty badass looking car, especially in Audi's black and red paint scheme. As you can see in the photos, the RS3 LMS is far wider than the standard sedan, which is fairly compact by modern standards. The requisite giant rear wing is present, as is the big front splitter. The RS3 LMS ditches the new road car's dual exhaust for a cool looking single, center-exit pipe. Inside, it's all bare metal and plastic, ditching any semblance of road-going civility. Under the hood, the RS3 LMS loses the new 2.5-liter turbocharged inline-five and replaces it with Volkswagen's 2.0-liter turbocharged four. In this application, the engine pumps out a healthy 330 horsepower. Audi claims a 0 to 60 mph time of 4.5 seconds. Audi says customer deliveries will start in December, so look for the new car on track starting in 2017. Related Video: Featured Gallery 2017 Audi RS3 LMS: Paris 2016 View 10 Photos Related Gallery 2017 Audi RS 3 LMS View 11 Photos Image Credit: Drew Phillips Motorsports Paris Motor Show Audi Racing Vehicles 2016 paris motor show