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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 reserves 99 Continental GT3-Rs for North America at $337k apiece

Whether they're powered by V8 or W12 engines, the Bentley Continental GT just keeps getting faster and faster. The new Continental GT Speed, for example, is the fastest road-going Bentley ever made, capable of reaching 206 miles per hour. And the Continental GT3-R is the quickest-accelerating Bentley yet, capable of hitting 60 in just 3.6 seconds.
In other words, if you want to get your hands on one, you'll need to act fast. Bentley is only making 300 examples of the GT3-R, but while it is said to have already sold out the entire production run, it has been kind enough to keep 99 examples on the side just for the North American market.
The road-going embodiment of the Continental GT3 racer, the GT3-R packs a 4.0-liter twin-turbo V8 tuned up to 572 horsepower and 516 pound-feet of torque. That makes it 72 hp and 29 lb-ft stronger than the base Continental GT V8, or 43 hp and 14 lb-ft more muscular than the GT V8 S, about on par with the W12 model but 54 hp and 89 lb-ft shy of the latest GT Speed. But thanks to its lighter weight (inherent in the eight-cylinder model and stripped of a further 220 pounds in the GT3-R), it trounces them all in the sprint to 60.

Bentley recalls nearly 2,000 examples of the Bentayga over fire risk

Bentley is voluntarily recalling 1,892 examples of the Bentayga in America to replace a fuel line that could leak and cause a fire. The affected SUVs were manufactured between July 26, 2018, and January 15, 2020. Documents submitted to the National Highway Traffic Safety Administration (NHTSA) explain the SUVs included in the recall are fitted with a quick fuel line connector that can leak if it's exposed to extremely high temperatures in the engine bay. Fuel and heat don't go together well, unless they meet in a cylinder, so the leak could start a fire. Bentley noted motorists might smell fuel in the engine bay if the connector leaks, but Autoblog learned from a company spokesperson that it's not aware of accidents, injuries, or even damage related to the problem. The spokesperson stressed the recall only applies to the Bentayga V8; it doesn't include the W12 model or the plug-in hybrid. Only about 0.2% of the SUVs being recalled have this defect, according to the firm. Bentley explained it noticed the problem in 2018, when a customer complained the SUV smelled like gasoline. Technicians identified the cause of the problem as material softening due to elevated temperatures in the engine bay, and engineers began working on a fix and testing it in real-world conditions. The redesigned part notably faces away from the hot side of the engine, according to a recall bulletin published by the NHTSA. Owners of affected cars will be notified in the coming weeks, and they'll need to bring their Bentayga to the nearest dealer to have the fuel line and its quick connector replaced. It's a job that takes approximately one hour. The average Bentley customer owns eight cars, so at least Bentayga owners won't be stuck using Uber. Featured Gallery 2019 Bentley Bentayga V8: First Drive View 34 Photos Recalls Bentley SUV Luxury