Loud knocking noise from engine

Sounds like engine knock. Could be crankshaft or piston arm sleeves

The chirping noise is probably a worn belt
You should check all pulleys and belt tensioner for alignment and or looseness
The knocking noise could be an internal engine noise
Which is common for the little 2L engines and I'm just guessing that's what engine you have
Make sure to use a good quality oil filter to prevent oil drain back and also the proper weight of oil
Too thick of oil can also cause this until engine warms up
You should use 5w30 or 10w30
The owners manual may say and sometimes the oil cap will give the recommended weight of oil

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check your wheel, make sure it is not loose and you may need to get your wheels balanced as a weight could of fallen off.

the engine probably has a bad bearing in it.oil sludge can be caused by short trip driving,overheating,pluged crank case vent or pcv system not working.the power loss due to the computer retarding ignition timeing due to the knock sensor producing a signal from the engine knock.regardless an ongine ocerhaul or replacement is neede.
but first make sure that the bell housing bolts,torque converter bolts are all tight.
make sure the knock isnt from the catalytic converter
check for dents in the oil pan
check engine accessorys for noise such as water pump.power steering pump,alternator,a/c compressor.and all attachment bolts

If your engine has a rod knock the engine has to be rebuilt or replaced rebuilt is about $2000 to $3000 dollars and a new motor even more.It is unusal for a rod to be out around 60,000 miles unless it was ran real hard or run out of oil or way low on oil.

This is probably a bent pushrod or warped head or something of that sort. SERIOUS problems. Take it to a mechanic. Knocking of any sort is a bad, BAD sign. Good luck.

It is probably your lifters sticking. Check your engine oil level and if thats fine, then add some oil detergent/additive that says it will "reduce engine knock and free sticky lifters" run with that additive for a couple hundred miles or until the noise gets better. then replce your oil after that without using the additive

THIS NOISE IS PISTON SLAP..MOST NEONS HAVE THIS NOISE..HAVE SEEN THEM LAST FOR A LONG TIME..AS LONG AS IT GOES AWAY,IT SHOULD BE FINE

big end or main bearing.

Your engine is toast. The black smoke indicates more than likely your valve seals are leaking oil into the combustion chamber or the piston rings are shot.

Time for a new vehicle...