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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 Speed Six Continuation Series revealed at Goodwood Festival of Speed

The Bentley Continuation series of cars is … continuing. Today, Bentley unveiled the Speed Six Continuation Series at the Goodwood Festival of Speed. This follows the series of 12 Bentley Blower Continuation models, but apologies youÂ’re only hearing about the new series now, as the 12 Speed Six units are already spoken for. Bentley says it regards the Speed Six as its most successful race car ever because it dominated Le Mans both in 1929 and again in 1930. Just like the Blower, the Speed Six will be built using the same processes as the original car by BentleyÂ’s bespoke and coachbuilding division, Mulliner. Bentley has 80% of the carÂ’s original drawings and is supplementing this knowledge with original mechanicÂ’s notes and data taken from an original 1930 Le Mans racer and a 1930 Speed Six currently residing in BentleyÂ’s Heritage Collection. The “6 1/2 liter” (as Bentley likes to term it) six-cylinder engine required the creation of over 600 new parts to build, and Bentley says initial dyno testing shows itÂ’s making 205 horsepower, which is 5 horses more than the original race engines were documented to produce. Bentley originally put this engine together as a successor to the Blower motor, as the thinking at the time from W.O. Bentley was that increasing displacement would produce better results than supercharging. Every last detail of the Speed Six Continuation Series is scrutinized to be as authentic as possible to the original. The one youÂ’re looking at in photos here is finished in Parsons Napier Green and features a tan leather interior. A total of five authentic colors will be available for the buyers to choose from, too. The craftspeople building the cars will be working alongside younger folks on purpose in an effort to pass down the skills and techniques used to create such vehicles. Before a single screw is turned, though, Bentley says it will be putting “Car Zero” through a real-world durability program with a goal of over 21,000 miles on the road and nearly 5,000 miles on the racetrack. Will any of the 12 customers ever get close to those figures? It sure would be cool if they did. As for those 12 lucky people who will own one of these Speed Six Continuation Series cars, theyÂ’ll all have custom sessions with the Mulliner team to get their cars customized and built to their specific wants. Each Speed Six will then take 10 months from start to finish to complete, and Bentley thinks production will be completed by the end of 2025.

BMW makes the M4 extra special with a huge wing

BMW has all of the bases covered in its lineup, especially when it comes to its 4 Series models. Don't like going to the track? There's the BMW 430i and 440i, which are available as a coupe and gran coupe. Drivers looking for a track-friendly car that can also be used on the road will be steered toward the M4. BMW even built the hardcore M4 GTS for drivers that spend all of their time on a track. Now, it looks like BMW is trying to bridge the gap between the M4 and the M4 GTS with a special-edition model. Our photographers caught BMW testing an M4 with some extreme aerodynamic components around the Nurburgring. With its aggressive front end, massive wing, and sporty rear diffuser, the prototype M4 appears to be similar to the special-edition M4 Competition Sport that BMW released in Spain. The Spain-only special edition was marketed as a softer version of the M4 GTS with less power and usable rear seats. With a similar look and visible rear seats, this prototype indicates a similar track-focused special edition model. Since the M4 is only a few years old, it's unlikely that BMW is testing a new model, but the automaker could be testing aerodynamic components for a refreshed model down the road. A cheaper, more usable M4 GTS, though, would be the perfect car to round out BMW's current lineup. Related Video: