1989 Porsche 911 Speedster Convertible 2-door 3.2l on 2040-cars
Monterey, California, United States
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Sometimes less is more. As Porsche's original 356 Speedster, built between 1954 and 1957, was a less-expensive model and more a pure driver's car, so was the 1989 version. Built for USA only in Turbo body style which is one of the prettiest open top cars ever made by Porsche. In this club competition style body they were a appropriate addition with the wide racing tires and the short wraparound removable windscreen. Of course only the single layer light emergency folding top was offered. The new Speedster had a long and difficult gestation, which began in 1983 with a stillborn prototype developed by Porsche's senior engineer, Helmuth Bott. The idea was revived by Porsche President Peter W. Schutz in 1986, who contributed to the design of a second concept Speedster on a 911SC platform. As an American, Schutz understood the potential appeal of such a car for the American club racing market, and in 1987, Porsche debuted a pre-production version at the Frankfurt Motor Show. Just as with the 356 Speedster, the 911 Speedster rapidly became collectible with only 830 ever offered in the USA. Only a handful now trade hands in a given year, and many of those are either modified or so low in mileage they can't be enjoyed. Ideally, one's new Speedster would have been carefully used, gently broken in, and well appointed, which is what one finds in this scintillating example. Rare optional air conditioning and a Blaupunkt stereo allow for gran turismo style touring. Of course all books, tools, spare, jack, etc. accompany sale of this car 217 bhp, 3,164 cc all-aluminum air-cooled SOHC flat six, DME Motronic 2 electronic fuel injection, five-speed manual transaxle, independent front suspension with McPherson struts, lower A-arms, torsion bars, and anti-roll bar, independent rear suspension with semi-trailing arms, transverse torsion bars and anti-roll bar, and four-wheel ventilated disc brakes with four-piston aluminum calipers. Wheelbase: 89.5 in.
Condition of this car is now ready for any Concours showing throughout the world. |
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Volkswagen posts quarterly profit despite drop in sales
Thu, Oct 29 2020Volkswagen 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
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The lineup this year boasts some impressively fast cars to be sure. The group of ten includes the following darlings: Alfa Romeo 4C, BMW i8, BMW M4, Chevrolet Camaro Z/28, Ford Fiesta ST, Jaguar F-Type R Coupe, Nissan GT-R Nismo, Porsche 911 Turbo S, Subaru WRX STI and, last but not least, the Volkswagen GTI. Give us any one of those for the weekend, and we're happy to take the keys.
It must be said though, that for a publication that draws as much water as Motor Trend does, there are some big cars that we might expect to be here instead. The Lamborghini Huracán or Ferrari 458 Speciale would have added some exotic flare to the list, and the omissions of the Chevy Corvette Stingray (for the second year in a row) and the Dodge Challenger Hellcat are real head-scratchers.
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