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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:

New Bentley Flying Spur will be first Bentley with four-wheel steering

We just got a bundle of details about the new Bentley Flying Spur. Among them is, finally, an official reveal date of June 11. Besides that, the Flying Spur features the latest driving technologies from other current Bentleys, as well as a first for the brand. The company revealed that the luxury sedan will be the first Bentley to get four-wheel steering. It will operate similarly to other systems from other brands, in which the rear wheels will turn slightly in the opposite direction of the front wheels at low speed for maneuverability, and at high speed the rear wheels will turn slightly with the front wheels for extra stability. The Flying Spur also picks up features from other current Bentleys. It gets an all-wheel-drive system that now sends all its power to the rear wheels unless the front wheels start to slip. It will also have the Bentley Dynamic Ride suspension that includes anti-roll bars that are constantly adjusted via a 48-volt electrical system. And of course we get a little visual teaser of the car with a video. It seems to confirm the slightly more blunt look predicted by an earlier teaser. Stay tuned for the full reveal in a couple of weeks.

2014 Bentley Continental GT V8 S Convertible

There are few things in this world I enjoy more than an enthusiastic drive down tree-lined backroads on a warm summer evening. If you're familiar with the geographic location of Detroit, you won't be shocked to learn that we don't have the sort of very-involving roads found all throughout California and other gorgeous parts of the country, but we still have some stretches of pavement that can be pretty darn fun when driven in the right car. The vast majority of our scenic roads, however, are of a more relaxed nature. And that's why, despite my tendency to prefer high-strung hot hatches above all, I will never say no to a big, fast convertible during the warm season.
As far as said big, fast convertibles go, perhaps none is more exquisite than the 2014 Bentley Continental GT V8 S Convertible, pictured here in the striking shade of St. James Red. Not long after returning from my trip across the pond to drive Bentley's V8-powered Flying Spur sedan, I was given the chance to sample another one of its eight-cylinder wares, this one carrying less heft, offering a smidge more power, and, oh yeah, a roof that neatly stows behind the rear seats.
As luck would have it, the weather for my Conti weekend was the absolute definition of perfection. And so I took to those sweeping, tree-lined roads way outside of Detroit to see how this Bentley's "S" badge improves upon the lovely GT V8 Convertible I drove last year. Hard work, but somebody's gotta do it.