2008 Awd Gray Twin Turbo W12 6.0l Leather Navigation Miles:26k Coupe on 2040-cars

Auto blog

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:

Weekly Recap: Takeaways from the Frankfurt Motor Show

We obsessively covered the 2015 Frankfurt Motor Show, and naturally, we selected our favorites from this fall's biggest automotive event. Now that the dust has settled, we're looking ahead to what it all means. Here are three takeaways from the floor in Frankfurt. The Germans are serious about electric vehicles: It's a bit cliche to say BMW, Mercedes, and Audi have downplayed electrics in favor of other technologies, like diesels. For a time that may have been true, but those three companies, along with Porsche and Volkswagen, are emerging as leaders in EV development. That was on display in Frankfurt, when all of them revealed either all-electric or plug-in hybrid models. Gas prices are relatively low in the United States, but clearly the Germans are thinking long-term and globally. Everyone is serious about SUVs: You gotta have one, even if you're Bentley or Jaguar. It's 2015 and it's what consumers want. As Jaguar design director Ian Callum put it, "Not to be in the sector would be a little naive for the sake of purity." It's not just the flashy exotic luxury makers. Nissan showed the Gripz concept, which is rakish, radical, and meant to blend traits of SUVs and sports cars into a vehicle that really crosses over. Look for more, especially in the luxury sector, as Rolls-Royce, Lamborghini, and Aston Martin ramp up their own SUV efforts. There's no ceiling to the luxury market: Speaking of high-end cars, companies are continuing to invest in extravagant wares beyond just SUVs. Even during the recession, ultra-luxury makers remained relevant, and now they're back at full stride. In Frankfurt, that was illustrated by yet another S-Class model, the cabriolet, which will come in S550 and S63 AMG variants in the United States. Ferrari also showed off the 488 Spider, and Lamborghini opened up the Huracan LP 610-4 Spyder. Meanwhile, Bugatti's Vision Grand Turismo concept reminded enthusiasts that it's plotting life after the Veyron. European auto shows always draw the glitziest reveals from luxury makers, and this year didn't disappoint. OTHER NEWS & NOTES 2016 Honda Civic redesigned with snazzier style, turbo power The 10th-generation of the Honda Civic debuted this week at events in Los Angeles and Detroit ahead of its launch in the United States this fall as a 2016 model. Honda fortified the Civic with LED lights, an available turbo engine, and a more tech-laden cabin.

W12-powered Bentley Batur coupe shows its swept-back profile

Bentley's Mulliner division is nearly ready to introduce the Batur, a limited-edition coupe designed to preview a new design language and to celebrate the W12 engine. The big coupe remains shrouded in darkness, but a new teaser image gives us a better look at its silhouette. Viewed from the side, the Batur (which is named after a crater lake in Bali, Indonesia) looks like it's longer than the current-generation Continental GT. Its front end wears single-piece swept-back headlights rather than the twin oval units fitted to the Continental GT and its rear lights look thinner. We're told that the coupe "showcases a new design language for Bentley," one that puts a new spin on classic styling cues and relies "on contrast to provide definition." This design language will permeate the EVs that Bentley will launch starting in 2025. While the Batur's sheet metal previews a range of upcoming battery-powered cars, its drivetrain is very much rooted in the present. The model will benefit from an evolution of the familiar twin-turbocharged W12 that delivers more torque and horsepower than any variant of the engine to date. Bentley stresses that "advanced chassis systems" will ensure that the Batur is engaging to drive even on a twisty road. Bentley will introduce the Batur in Monterey, California, at 8:00 p.m. Pacific time on August 20 (that's 11:00 p.m. in New York City). Full details will be released when the veil comes off, and we wouldn't be surprised if every build slot is spoken for by the time of the unveiling — few-off models are in hot demand and the Bacalar unveiled in 2020 was sold-out before members of the public saw it in the metal. And, the odds of seeing two identical examples of the Batur are low regardless of how many Bentley chooses to build. The company notes that buyers will have the option of customizing the color and finish of nearly every surface; 3D-printed 18K gold parts will even be offered. Related video: