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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.

NHTSA, IIHS, and 20 automakers to make auto braking standard by 2022

The National Highway Traffic Safety Administration, the Insurance Institute for Highway Safety and virtually every automaker in the US domestic market have announced a pact to make automatic emergency braking standard by 2022. Here's the full rundown of companies involved: BMW, Fiat Chrysler Automobiles, Ford, General Motors, Honda, Hyundai, Jaguar Land Rover, Kia, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Subaru, Tesla, Toyota, Volkswagen, and Volvo (not to mention the brands that fall under each automaker's respective umbrella). Like we reported yesterday, AEB will be as ubiquitous in the future as traction and stability control are today. But the thing to note here is that this is not a governmental mandate. It's truly an agreement between automakers and the government, a fact that NHTSA claims will lead to widespread adoption three years sooner than a formal rule. That fact in itself should prevent up to 28,000 crashes and 12,000 injuries. The agreement will come into effect in two waves. For the majority of vehicles on the road – those with gross vehicle weights below 8,500 pounds – AEB will need to be standard equipment by September 1, 2022. Vehicles between 8,501 and 10,000 pounds will have an extra three years to offer AEB. "It's an exciting time for vehicle safety. By proactively making emergency braking systems standard equipment on their vehicles, these 20 automakers will help prevent thousands of crashes and save lives," said Secretary of Transportation Anthony Foxx said in an official statement. "It's a win for safety and a win for consumers." Read on for the official press release from NHTSA. Related Video: U.S. DOT and IIHS announce historic commitment of 20 automakers to make automatic emergency braking standard on new vehicles McLEAN, Va. – The U.S. Department of Transportation's National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety announced today a historic commitment by 20 automakers representing more than 99 percent of the U.S. auto market to make automatic emergency braking a standard feature on virtually all new cars no later than NHTSA's 2022 reporting year, which begins Sept 1, 2022. Automakers making the commitment are Audi, BMW, FCA US LLC, Ford, General Motors, Honda, Hyundai, Jaguar Land Rover, Kia, Maserati, Mazda, Mercedes-Benz, Mitsubishi Motors, Nissan, Porsche, Subaru, Tesla Motors Inc., Toyota, Volkswagen and Volvo Car USA.

Bentley Mulliner Bacalar is so bespoke, it's a whole different car

Bentley talks a lot about “bespoke” — the customized elements done at the hands of its Mulliner division — but the newly unveiled Bentley Mulliner Bacalar takes the idea to a new level. This isnÂ’t just a unique paint color or a special upholstery fabric or a fabricated housing for an ownerÂ’s pet ferret. ItÂ’s a completely custom-bodied automobile, one that transforms the Continental GT convertible into a restyled two-seat roofless barchetta, which takes its name from a lake in MexicoÂ’s Yucatan Peninsula. Bentley claims that not a single exterior body panel from the Continental GT remains unchanged on the Bacalar, and the design is said to be inspired by last yearÂ’s EXP 100 GT concept. That show car was a coupe with scissor doors and an electric powertrain. The Bacalar is none of those things. But you can see some rub-off from the EXP 100 GT in the detailing, such as the horizontal lighting elements at the front and the rear. This example wears special Yellow Flame paint that incorporates the ash from burned rice husks as a more environmentally friendly way to create a metallic effect. In the Bentley Mulliner Bacalar, the doors and fenders are made from carbon fiber, while the clamshell covering over the rear compartment is aluminum. The body panels feature additional air intakes, a double hump behind the front seats, and more pronounced rear haunches over the 20-mm wider rear track. There is no roof — presumably owners will drive one of their dozens of other cars if rain is predicted. It would be a shame, after all, to let this interior get wet. The BacalarÂ’s cabin has just two seats, with a carved-out luggage hold behind each one that is specially designed to fit custom-matched bags made by Italian luggage maker Shedoni. The reworked center console angles up to meet the dash, which contains BentleyÂ’s Rotating Display and a digital instrument cluster that differs from that of production Bentleys. The seats are upholstered in British wool together with two types of leather, and the wool elements also appear on the console and door panels. The wood trim — in both matte and gloss finishes — is sourced from 5,000-year-old trees harvested from rivers, lakes and peat bogs. The 6.0-liter twin-turbocharged W-12 engine is massaged to the tune of 650 horsepower and 667 lb-ft of torque (versus 626 ponies and 664 lb-ft in the Conti GT). The W-12 is paired with an eight-speed dual-clutch automatic transmission and rear-biased all-wheel drive.