1980 Porsche 924 Turbo Coupe 2-door 2.0l 931 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.

2017 Porsche 718 Boxster: Old name, modern performance

Porsche set the bar pretty high when it attached the number 718 to the new Boxster. The original Porsche 718 Spyder from the late '50s and early '60s remains one of the most iconic in the company's history. Nameplates aside, the biggest change to the new 718 Boxster can be found under the rear deck. That's where Zuffenhausen has embraced the latest trend in downsizing and turbocharging. In place of the previous naturally-aspirated flat-sixes, the new 718 packs a 2.0-liter turbo boxer four good for 300 horsepower, or a 2.5-liter version with 350 hp. They're smaller than the engines they replace, but also more powerful – and offer a significant improvement in torque as well. The result is a 0-60 time as low as 4.0 seconds – in what's long been considered the "junior" Porsche sports car. Of course Porsche didn't just swap the engines out and call it a day. The styling has been updated inside and out, and there's new equipment as well. The finished product will go on sale in April – but that's in Europe where it's been unveiled today at the Geneva Motor Show. It'll hit US dealers in June, and we can look forward to a 718 Cayman version with a fixed roof to follow soon as well. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Porsche Cayenne shows a bit more face, plug-in spotted

Porsche was first rumored to be working on a plug-in hybrid (PHEV) version of the Cayenne over a year ago. However, we had never seen it, until now. The new model was caught almost completely undisguised while testing. In another stroke of luck, we got a glimpse of the upcoming facelift for Porsche's SUV (pictured above) as well.
According to the spy shooter, it was windy during the cars' cold weather testing. The cover blew off of the facelifted Cayenne, and there was enough time to snap these pictures before it could be hidden again. The changes are all quite minor but jive with what we saw the last time it was spied. The rear still wears some cladding but is expected to be hiding lights similar to the Macan.
The second gallery shows off the upcoming Cayenne PHEV. It looks nearly identical to the standard model, except for the extra panel on the driver's side of the car that hides the electric port. One image even shows the car plugged in. The new version is expected to use the same supercharged 3.0-liter V6 and 9.4-kilowatt-hour lithium-ion battery pack with a combined 416 horsepower and 435 pound-feet of torque from the Panamera S E-Hybrid. We enjoyed the system when we tested it last year. It's rumored to debut on the SUV sometime this year.