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Audi: record profit as 'biggest product initiative' in its history gets underway

Audi Group CEO Markus Duesmann   Even as the Audi Group (VOW.DE), VW’s luxury division, is in the midst of a huge EV transformation it still needs to perform where it counts — the bottom line. And so it is doing just that.  On Thursday the Audi Group - which is dominated volume-wise by Audi, but also includes Bentley, Lamborghini, and Ducati - posted record revenue and operating profit in 2022. That shouldnÂ’t be a surprise given what the industry has been seeing at the highest end of the market - record performances despite macroeconomic jitters across the globe. But that it's happening as the group is noteworthy.  “We are on the verge of the biggest product initiative in our history,” Audi Group CEO Markus Duesmann said at a news conference earlier on Thursday. “By 2025, we will have launched around 20 new models, more than 10 of which will be all-electric. We have set the course to go 100% electric. By 2027, we seek to offer an all-electric vehicle in each core segment.”   This is all part of Audi GroupÂ’s Vorsprung 2030 plan, which seeks to have all of the groupÂ’s new models be electric by 2026 — and to end traditional gas-powered engine production by 2033. To that end, the group saw EV deliveries jump 44% (in 2022) compared to 2021 to over 118,000 vehicles, with the share of EVs rising to 7.2% from 4.8% in the prior year. Audi is also launching its first EV using the PPE (premium platform electric), which was developed together with Porsche. That EV, the Audi Q6 e-tron, will be unveiled later this year. (Past Audi EVs shared corporate parent VWÂ’s electric platform.) “With the Audi Q6 e-tron, e-mobility is coming from Ingolstadt (Audi HQ) for the first time,” Duesmann said in a statement. “To this end, weÂ’re also building a dedicated battery assembly facility on site. This will enable us to retain important know-how here in Germany and train our employees in future fields.” AudiÂ’s German rivals of course are also leaning in hard on their EV transformations. That makes it all the more important that Audi get its EV strategy right—and launched in a timely manner.

Bentley Bentayga SUV to come in hybrid, diesel variants in 2017

The Bentley Bentayga SUV will add plug-in hybrid and diesel variants in 2017, a year after the W12-powered model launches around the world. The hybrid variant will be able to travel about 31 miles on electricity. It will have a V6 or V8 gasoline engine to extend range, though a final decision has not been made as to which one will be used, CEO Wolfgang Durheimer said. The diesel, a V8, will be the first in a Bentley. The company confirmed "Bentayga" as the name of its new SUV at the Detroit Auto Show. Speaking to Autoblog on the show floor, Durheimer said the British luxury maker has high ambitions for its upcoming model. It expects to sell 3,500 copies of the SUV globally in 2016, which would lift the company's total sales to around 15,000. About a quarter of the Bentayga's sales volume is projected to come from US customers. Bentley can't take orders because the vehicle hasn't been officially priced yet, but it already has a list of 4,000 customers who are interested in buying the SUV, and most have put down deposits. "Our customers liked the idea," Durheimer said. "We see a growing SUV market share around the world." The Bentayga has changed since the concept, called the EXP 9 F, debuted at the 2012 Geneva Motor Show, and the front has been modified to look more like Bentley's production models. The interior, however, remains close to the original concept. Image Credit: Bentley Green Detroit Auto Show Bentley SUV Diesel Vehicles Hybrid Luxury 2015 Detroit Auto Show bentley bentayga

2020 Bentley Flying Spur First Edition Road Test | $280,000 worth of drama-free splash

After reading Brett Berk’s First Drive review of the Bentley Flying Spur, I was intrigued. Not by the authorÂ’s propensity for shedding clothing (though that sure is Â… something), but by some of the carÂ’s numbers and its drivetrain features. Figures such as 626 horsepower and 3.7 seconds to 60 piqued my interest, as did torque-vectoring all-wheel drive and four-wheel steering. Bentley says the Flying Spur offers “breathtaking performance.” BerkÂ’s first drive was in Monaco, where a car like this pairs well with the luxury yachts. My time with the Flying Spur would be much less of a pantsless extravaganza. Instead, IÂ’d be fleeing quarantine cabin fever with my family, schlepping through the rain to run errands, waving to confused-looking neighbors and hopefully experiencing performance that would, as advertised, take my breath away. The Flying Spur feels a bit like a boat. ItÂ’s big, with a long hood stretching out into oneÂ’s forward view like the bow of a cabin cruiser. Add the isolated feeling provided by the suspension, and I could easily imagine myself skimming across a calm bay. The materials lend themselves to the nautical whimsy as well, with plenty of quilted leather and horizontal swaths of metal-accented wood that reminded me of my uncleÂ’s Lake Erie runabout. My first outing was with the family, and it was mostly spent on the highway. My wife, Cat, who is prone to motion sickness, had no troubles in the Flying Spur. Apart from sneaking in a few hard launches — eliciting chuckles from Cat and admonishment from my son, Wollie — I kept my driving sane and smooth. I mostly kept the car in Comfort mode. Driven as such, even with the brief moments of right-foot indulgence, the Flying Spur felt a bit underwhelming. The carÂ’s size suggests the existence of the 6.0-liter W12 under the hood, but its 626 horsepower and 664 pound-feet of torque are experienced differently in this Bentley. Hardly any sound makes its way into the cabin. Its highway calmness belies its actual swiftness. This was all well and good for the comfort of my passengers, but it didnÂ’t do much to evoke any feeling beyond that of leisure. In fact, IÂ’d have almost rather have been a passenger for this sort of trip. That way I could better soak in the craftsmanship that surrounds you inside a Bentley.