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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:

Audi and FAW to launch A6 E-Tron in China

Audi and its Chinese joint-venture partner FAW have announced that they'll be building a production version of the Audi A6 E-Tron Concept, shown at the 2012 Beijing Motor Show. Based on the China-only long-wheelbase A6, the plug-in-hybrid model is being targeted specifically at the People's Republic.
Audi is promising a 50-kilometer (31-mile) electric range for the fuel-sipping sedan, although there are precious few details beyond that. We do know, though, that this will be a Chinese-built vehicle, with assembly slated for the FAW-Volkswagen joint-venture factory in Changchun. We presume we'll find out more when the Beijing Motor Show kicks off a few weeks from today.
"We are the market leader in China's premium segment and will continue systematically with the application of efficiency technologies. Audi is thus supporting the Chinese government's targets for the reduction of fuel consumption," said Dr. Dietmar Voggenreiter, the president of Audi China.

Audi Adaptive Cruise Control is the 2017 Autoblog Technology Feature of the Year

Adaptive cruise control is not a new concept, but it is evolving, and Audi is at the forefront. Those advancements were enough for us to name Audi's Adaptive Cruise Control the winner in the feature category for the 2017 Autoblog Technology of the Year awards. The simple name is somewhat misleading. In addition to keeping the car a set distance from the car ahead in traffic, Audi's adaptive cruise takes into account topography, curves, and speed limits. Pass a speed limit sign and the set speed will reset it to match. Or when traveling on a winding road, the car will slow appropriately for the slower corners. With a navigation destination set, it will even slow the car so you can make the turn without hitting any pedals. It's currently available on the Audi A4 sedan and Allroad as well as the Q7 crossover, and will be optional on the upcoming S4, A5/S5, and Q5 and other future Audi models. Audi's advanced cruise system beat out two other finalists in the feature category, Jaguar's Activity Key and the Cadillac Rear Camera Mirror. To us, the Audi system represents a bigger step forward and a greater impact on safety. It will also inform future full-autonomous features and marks a step in that direction. For more on our 2017 Autoblog Technology of the Year awards, including the winner in the car category, check out our awards page. Audi Technology Technology of the Year Autonomous Vehicles Luxury Videos