2000 Porsche Boxster Convertible - Clean Title - Broken Engine on 2040-cars

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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

Porsche 911 GT spied streaking at the Nurburgring

At any given moment, you can bet that Porsche is testing some new version of the 911. When we see those prototypes undergoing testing, they're typically camouflaged, at least in part, to keep us from seeing what Zuffenhausen (or Weissach) is up to. But this particular example is completely undisguised. So what are we looking at, exactly? Well, for starters, it's likely the upcoming facelifted version of the current 911. The current 991 generation has been on the market now for four years, so the 991.2 (or 991.5, perhaps?) will likely be tasked with keeping Porsche's iconic sports car current for several more years to come. This version can be seen with front air intakes similar to those on the Cayman GT4, along with updated headlights, LED strips, new door handles, ventilated rear engine cover, reprofiled rear bumper, fresh taillights, and a new exhaust. The far bigger development is that the updated 911 is expected to ditch natural aspiration in favor of downsized turbocharged engines across almost the entire range – not just in the 911 Turbo. This particular version we see here, however, could be one of the few hold-outs for atmospheric pressure. That's because what we're looking at could be the upcoming back-to-basics version being prepared by the GT division – the same outfit responsible for the 911 GT3, GT3 RS, and Cayman GT4. Possibly adopting the name GT5, this new version of the 911 is anticipated to be the purist's choice: naturally aspirated flat-six, three-pedal manual transmission, skinny tires, no frills. This undisguised prototype appears to be packing a production roll cage and thin, leather-clad bucket seats – splitting the difference between racing buckets and the usual, thicker thrones. We'll have to wait a bit longer until Porsche is ready to release all the details of the refreshed 911, hopefully to include that GT version. But for an unadulterated taste of what's to come, look no further than the spy shots in the image gallery above. Related Video:

Evo makes the case for the world's best driving road in Majorca

What good is a sports car if you haven't got a great place to drive it? It's a common refrain that we've heard time and time again. But few are as familiar with the problem as they are in the UK, where the number of people, cars on the road and traffic cameras keep growing to conspire against the joy of driving. Leave it to Evo, then, to depart in search of the greatest driving road in the world.
It's a pursuit that's taken the British car mag across Europe, most recently to Romania's Carpathian Mountains where it added the Transalpina Pass to its short list. But its latest journey has taken Evo to the Spanish island of Majorca, where Henry Catchpole found not one, but two spectacular driving roads from behind the wheel of the new Porsche Boxster GTS. We could drone on about the smooth, empty ribbons of twisting tarmac with excellent visibility and panoramic vistas... but you really want to see the video for yourself. Don't miss Evo's previous trip to Romania in the Jaguar F-Type, which we've included below, as well.