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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.

VW, Mobileye to bring new automated tech to series production

Volkswagen will bring new automated driving technologies to series production as it deepens its partnership with Mobileye in automotive driving technologies, Europe's biggest carmaker said on Wednesday. Israeli automotive tech company Mobileye will provide driving assistance software based on its SuperVision and Chauffeur platforms to VW's luxury brands such as Audi, Bentley, Lamborghini and Porsche. The technologies, which later will be integrated by VW's software unit Cariad, include assistance systems for highway and urban driving, such as automated overtaking on multilane highways, automatic stopping at red lights and stop signs, and support in intersections and roundabouts. "New automated driving functions will significantly boost convenience and safety," VW Chief Executive Oliver Blume said. Mobileye is also set to supply further automated driving software to Volkswagen's commercial vehicles unit. In future, the German carmaker aims to rely on its own complete in-house software system. (Reporting by Christoph Steitz, writing by Andrey Sychev, Editing by Miranda Murray and Madeline Chambers)

2022 Bentley Flying Spur gets more standard features

Adding more standard features tends to be something we see with more affordable vehicles during model year changes. It's a way to add more value and tempt buyers. The Bentley Flying Spur on the other hand, has a lot more to entice buyers than its standard feature list. Nevertheless, Bentley has updated the 2022 model with a number of now included items that make the nearly $200,000 sedan more attractive. All of the features are relatively minor convenience items. They include auto-dimming mirrors, surround-view camera, traffic sign recognition, hands-free trunk opening, welcome lighting and air ionizers for keeping the cabin clear of dust and such. For the price of a Flying Spur, it's a little surprising some of these features weren't already standard, but it's better late than never. Bentley has also introduced two new customization options. For the exterior, the Flying Spur is now available in Cambrian Grey, shown at the top of the post, which brings the color option total to 63. Inside, Bentley now offers open-pore wood veneers. To achieve the look, Bentley applies a matte lacquer just 0.1 mm in thickness, versus the 0.5-mm thick gloss finish. It's available on Crown Cut Walnut, Dark Burr Walnut and Koa wood veneers. Finally, Bentley did some virtual testing of the interior design that led to some reworking of noise insulation around the cabin. The result, the company claims, is an even quieter interior while driving. Exact timing and pricing haven't been given for the 2022 Flying Spur. We don't expect the base price to change much from the $196,000 of the current Flying Spur V8. It should also be available sometime this year. Related Video: