2017 Lamborghini Huracan Lp 580-2 Spyder Convertible 2d 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

Dave Lang lands 180 Rollerblade jump over Lamborghini, Bam Margera crashes it anyway

Lending further credence to the internetism "This is why we can't have nice things," real-life court jester Bam Margera had a tough weekend with his Lamborghini Murciélago after letting rollerblader Dave Lang perform a 180-degree jump over it.
While the stunt seemed to go off without a hitch, a second video has emerged showing Margera attempting to back his Lamborghini convertible up. Despite the presence of side mirrors, the former Jackass host hits a Cadillac. The damage to the Murciélago appears largely cosmetic, although we highly doubt the error is going to come cheap.
There is some salty language in the video, although everything, even the subtitles, are bleeped out. We've got both videos below, so if you're in the mood for a little schadenfreude, feel free to take a look.

Lamborghini Huracan gets incremental upgrades for 2016

Lamborghini is rolling out a series of upgrades for the Huracan. And minor as most of them may be, they'll likely only further the desire among enthusiasts to get behind the wheel. Chief among the enhancements is a new cylinder deactivation system system that drops from ten cylinders to five under light loads. Lamborghini refers to it as the first such system to be implemented on a naturally aspirated V10, though it should be noted that is corporate cousin – the Audi R8 – incorporates a similar setup. Apart from selectively shutting down one of its cylinder banks, the 2016 Huracan benefits from a retuned all-wheel-drive system that promises "a neutral and even more improved driving behavior." The rest principally comes down to trim, including matt-black air vents and more leather inside, along with available cruise control and other convenience features. There's a new ten-speaker Sensonum audio system available, along with the global rollout of the optional sports exhaust, and an extension of the Ad Personal personalization catalog. Finally, buyers will also be able to show off even more than before with new carbon-fiber engine bay trim, a transparent cover, and even LED lighting. Although the options stand to inflate the price significantly, the base price with all of the standard upgrades remains the same. They're being applied to both the coupe and the recently revealed Spyder for the new model year. The Raging Bull marque is also tipped to be preparing a new rear-drive version that's expected to be unveiled later this month in Los Angeles. Related Video: Lamborghini Huracan LP 610-4: Model Year 2016 Product Updates Sant'Agata Bolognese, 06 November 2015 -- Following its successful market introduction in 2014 the Lamborghini Huracan LP 610-4 is now available to order with a number of updates. The new contents focus on efficiency, drivability and luxury and are already available with the 2016 model year. The price of the Huracan LP 610-4 remains unchanged at 169.500 Euros + tax. As standard, both the Huracan coupe and newly-launched Spyder version include cylinder deactivation to improve engine efficiency; the first time this function is included in a naturally aspirated V10 engine. When full engine capacity is not required, five of the ten cylinders are temporarily deactivated by switching off one cylinder bank.