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Audi CEO says brand's EVs are almost as profitable as its other cars

After, oh, a hundred years or so of building vehicles primarily powered by internal combustion engines, automakers around the world have been and still are pumping billions of dollars into the development of electric vehicle technology. Everything from platforms and batteries to motors and the software to control it all requires untold hours of development, and that takes time and money. Fortunately, it's not going to take long for that massive investment to start paying off, at least according to Audi CEO Markus Duesmann, who told Reuters in an interview that "The point where we earn as much money with electric cars as with combustion engine cars is now, or ... next year, 2023. They are very even now, the prices." As a brand, Audi contributed more than a quarter of overall profit for the massive Volkswagen Group, which has such powerhouse brands as Volkswagen and Porsche among others. Under the Audi umbrella are Lamborghini, Bentley and Ducati, and it seems those high-end branches aren't going anywhere, at least for now. "These brands ... are very valuable very profitable brands, where we can even expand the synergy level in the future," Duesmann said in the interview. "There are no plans whatsoever to get rid of them." Despite the overall profitability of the brand, the ongoing global chip crisis is causing headaches. "We had a very strong first half in 2021. We do expect a much weaker second half," said Duesmann, who added, "We really have trouble." In fact, so serious is the trouble that the brand is forced into "a day-to-day troubleshooting process" to limit the chip-shortage damage. The good news for the automaker is that Audi has been able to boost its profit margin from 8% prior to the pandemic in 2019 to 10.7% in the first half of 2021. The bad news is that various chip shortages aren't expected to get a whole lot better over the rest of the year. Related video:

2015 Porsche Cayenne Turbo S gets faster, more powerful [w/video]

Porsche just isn't letting development of the Cayenne Turbo S cease. The 2014 edition was unveiled at last year's Detroit Auto Show boasting 550 horsepower from the brand's 4.8-liter twin-turbo V8, and it could hit 60 miles per hour in 4.3 seconds to a 175 mph top speed. Those seemed like very impressive specs for an SUV, but only a year later, the German brand has revealed an even more powerful take on its flagship trim in the model lineup. The 2015 Cayenne Turbo S now makes 562 horsepower and 590 pound-feet of torque from the same V8. The key to seeing such a significant boost in grunt so quickly is that the two turbos are now integral and are located directly in the exhaust manifolds. Porsche's eight-speed Tiptronic automatic gearbox still routes power to all four wheels. All of the tweaks let the SUV hit 60 miles per hour in 3.8 seconds and a 176 mph to speed. Stopping should come quite rapidly too thanks to 16.5-inch diameter ceramic brake discs up front with 10-piston calipers. Of course, the Cayenne needs to be able to put that added grunt to good use. Porsche claims that the model can lap the Nurburgring Nordschleife in 7:59.74. Comparatively, the 550-hp Land Rover Range Rover Sport SVR previously touted its SUV 'Ring lap record with a circuit in 8:14 in 2014. The Turbo S doesn't try hard to show off its added prowess, though. Up front, the bumper and undersides of the door mirrors are done in high-gloss black paint. Meanwhile, the roof spoiler and wheel arches are body color. The 21-inch wheels with black edges provide a little flash, and LED headlights are standard. The interior should be comfy too with black and creme leather and carbon fiber accents. The whole package rings up for $157,300, plus $995 destination and delivery, and US deliveries start in late April. Check it out in Porsche's video below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The new Cayenne Turbo S The top athlete among SUVs At the 2015 North American International Auto Show in Detroit, Porsche is also introducing the new Cayenne Turbo S – the top model of the sporty SUV model series. Its re-engineered 4.8-liter V8 biturbo engine now develops 570 hp (419 kW) and 800 Nm (590 ft lb) of torque. A chassis that is tuned for maximum driving dynamics and packs a wide range of control systems also makes the Cayenne Turbo S a genuine top athlete.

Patrick Dempsey to take break from racing after career season

The popular American actor has decided to take a step back from racing to focus on his "family and acting career." Outside of motorsports, Dempsey's tenure on the hit TV show Grey's Anatomy as Derek Shepherd ended last year, as did his 16-year marriage to makeup artist Jillian Fink. They have since reconciled. Reaching the top step of the podium During that same year, Dempsey finally reached the top step of the podium in his professional sports car racing career, winning the Fuji round of the 2015 FIA World Endurance Championship. Earlier in the season, he placed second in class in the prestigious 24 Hours of Le Mans endurance classic. His Dempsey-Proton Racing Porsche squad ended 2015 sixth in the GTE-Am standings. Along with four starts at Le Mans between 2009 and 2015, Dempsey competed in a total of 68 races between Grand-Am, ALMS and the recently formed hybrid of the two -- The IMSA WeatherTech SportsCar championship. He scored nine podiums, which includes high profile races such as the Rolex 24, Sebring 12 Hours and Petit Le Mans at Road Atlanta. Patrick Dempsey to focus on "family and acting" in 2016 But he will not add on to his growing racing resume this year. Dempsey has released a statement, announcing that he will not compete in any events this season, although his team will continue to do so. My motorsports journey has been a rewarding one and allowed me to meet so many interesting people. While the focus so often is the performance of the car, in reality it is all the various personalities, from team mates to competitors to officials to fans that I remember the most. I have loved being part of part of different teams and sharing the experience with so many great friends. I want to thank everyone who made this possible and helped me along the way. I also wanted to especially thank the fans for their support and friendship. None of this would happen without you buying the tickets and attending the races, so I am grateful for that investment in my passion. It makes me especially happy to see how many people have become race fans during my racing career. At this point in my life, after an amazing season thanks to my friends at Porsche and TAG Huer, I need to take a step back and focus on both my family and my acting career. Dempsey-Proton Racing will continue on racing a Porsche 911 RSR in the World Endurance Championship season. I hope my schedule permits me to enjoy some race weekends at least as a team owner.