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Lamborghini braces us for the end of Gallardo production

A changing of the guard is afoot in the Lamborghini stables. The Italian supercar brand sticks with a particular model for a respectably long period of time, thus any model changeover is cause for attention. First came the gloriously badass Aventador succeeding the Murcielago, which signals that the Gallardo replacement is on the way next. Not one to let any occasion go without its due pomp and circumstance, Lambo released a video entitled "The Final Gallardo."
The clip features various footage from the life of the Gallardo, worked in with a manifesto of sorts regarding Lamborghini's purpose, and how that fits into the Italian way of life. Little is stated about the Gallardo itself, let alone the eventual replacement. Additionally, it is unclear if the video is to celebrate a special "Final Edition," or merely the last Gallardo to roll out of Sant'Agata Bolognese. Until we do see the Gallardo successor, feel free to watch Lamborghini reveling in the sound of its own awesomeness in the video below.

Lamborghini Huracan's successor shows its details in new spy photos

The Lamborghini Huracan’s successor is coming in hot with a reveal set to take place during Monterey Car Week in August. We already have the full download on the PHEV powertrain that you can read about here, but now a new set of spy shots provides us with the best design preview yet. All of the spy photos of this new Lambo so far have shown it with coverings over openings and far more trickery to its finer edges than this latest set. Finally, we get a chance to see this mid-engine supercarÂ’s true shape. Its headlights are fully uncovered and are essentially slits in the front bumper. The shape of the central intake in said front bumper is shown here with massive openings for cooling. Plus, some funky hexagonal running lights are visible in the lower side air intake openings. This LamboÂ’s side view is predictably full of sharp creases and funky shapes. Even the rear fenderÂ’s air intake features some funky slats in them to add even more drama to the design. The openings in both rear fenders to feed air into the engine bay are huge and should help to keep the 4.0-liter twin-turbo V8 fed. Around back, Lamborghini has done away with its shrouding of the taillights and given us an even better view of the spicy rear end than before. The chopped rear bumper behind the tires makes for a very aggressive aesthetic. Meanwhile, the huge rear diffuser and lower light integrated into it just screams race car. Its high-mounted exhaust is reminiscent of the Revuelto, which can be said for a number of the styling elements around this Huracan successor. Lastly, weÂ’ll point out the hexagonal LED taillights that are now plenty visible and no longer hiding behind large strips of camouflage. Look out for the full details on this Huracan successor in about a monthÂ’s time, as Monterey Car Week is just around the corner.

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