2004 Lamborghini Gallardo Base Coupe 2-door 5.0l 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

Watch a Lamborghini change color thanks to thermochromic paint

German artist Rene Turrek went from being a punk kid using spray paint to illegally tag walls to a global celebrity artist working with clients such as Mattel and Nikon. He may have become a little more corporate, but he still finds a way to do some playful work for himself. Recently he has turned his attention to creating incredible paint jobs on some pretty cool cars. Turrek released this video last week of his Lamborghini Gallardo, which at first just seems like a pretty purplish color. But a little bit of water splashed on the hood reveals an awesome tribute to that most awesome of crimefighters, Captain America. Turrek isn't some sort of nerdy witch. The car is coated in thermochromic paint, which reacts to temperature changes. When not activated, the Lambo is disguised as a mild-mannered purple supercar. A cup or two of warm water thrown on the special paint and it becomes translucent, revealing the car's true colors. After a few moments the paint becomes opaque again. Turrek calls the work 'The First Avenger.' We've seen a similar use of the paint on a R33 Nissan Skyline, which allowed the car to turn from orange to black and back to orange again. This isn't the first superhero supercar Turrek has produced. He also created a BMX X6 that looked blue under normal conditions, but revealed The Incredible Hulk on the hood when hit with warm water. Unfortunately the disappearing effect fades once the paint is exposed to too much sunlight, so to keep the paint job safe these cool cars would have to be kept in the dark. And at $400 a pint, Thermochromic paint can cost thousands of dollars to coat a car. It may not be the most cost-effective way to enhance your ride, but certainly one of the coolest. Related: Video:

Do you want a cheap amphibious Lamborghini Countach?

James Bond famously dove under the waves in a Lotus Esprit submarine in The Spy Who Loved Me. Elon Musk now has the car in his collection, but you can have the next best thing by buying this amphibious Lamborghini Countach. It needs a lot of work to be seaworthy or even roadworthy again, but the floating Italian supercar is currently on eBay Motors in the UK for the equivalent of $26,790. While the vehicle looks like a Countach, don't expect to listen to a sonorous Italian V12 on the open seas because power now comes from a Rover V8. In the water, a twin-prop drive runs from a power takeoff on the engine, and twin rudders allow for navigation. Hydraulics lift wheels when it's time to get wet. For wannabe Bonds, there's even a button inside to activate a smoke screen. Some digging online shows that Mike Ryan of SeaRoader originally built the water-going Countach. Both the eBay ad and Ryan's page assert the supercar briefly went to Hollywood for various roles, but the Internet Movie Car Database only shows the Lambo appearing briefly in Top Gear's Season 8 amphibious cars episode. Ryan also helped the guys build their own floating vehicles. Get ready for some hard work before setting sail. According to the listing, the carpets and seats are gone. The engine still turns, but the fuel pipe that goes to the tank needs replaced. It also requires new tires and brake work. If you're up to the challenge, this could be an amazing project. Related Video: News Source: eBay Motors, SeaRoader, Internet Movie Car Database via The DriveImage Credit: Top Gear via YouTube Aftermarket Design/Style Weird Car News Lamborghini Auctions Coupe Special and Limited Editions Performance Supercars Lamborghini Countach amphibious car