2012 Lamborghini Lp570-4 Performante Convertible Msrp $300k+ Egear 3800 Miles $$ 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 the Lamborghini Hurac'an LP 610-4 do donuts in Project Hexagon

Before we officially met the Lamborghini Huracán LP 610-4 recently, and even before Autobild got to hear it start during its presentation, the Gallardo replacement had been whipped into smokey donuts in the dark of a Sant' Agata night as part of Project Hexagon. That was a four-episode series of short films that followed a trio of Brits determined to see the Huracán before its reveal. They did such a good job that they were able to play Grand Theft Auto in the Lamborghini HQ parking lot.
You'll find all four episodes below, but if you're looking for a more thrilling taste of the baby Lambo than Autobild could give us, then head straight to the final entry. Someone chose to lay a loud musical track over the revving, so try to ignore it and enjoy the 610-horsepower V10 underneath.

Lego Lamborghini Sian is a life-size, 400,000-piece masterpiece

Three years ago, Lego took its model-building abilities to a new level with a life-size Bugatti Chiron model made entirely of Technic building pieces. Now the company has built another life-size supercar, this time, the Lamborghini Sian. This one went together faster and with fewer pieces, though the end result is just as impressive (and oddly, heavier). The total number of pieces used in this model was more than 400,000. And at the approximate price of 10 cents per piece, replicating the model would require around $40,000. Of course, you would need to obtain the 20 unique pieces designed specifically for this build. The other 134 piece designs are normal production Technic components. Alternatively, you could pick up the 1:8-scale kit Lego sells. It took a team of 15 people 8,660 hours to design and build the Lamborghini model. Of those, 3,290 were spent on the actual assembly. The final product weighs in at a whopping 4,850 pounds, or close to 1,000 pounds more than the real car. Lego also brought the model to Lamborghini to have the company give it a coat of paint. It's almost more impressive than the real thing. Almost. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. LEGO Speed Champion Build: 1968 Ford Mustang Fastback