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Audi officially takes over Abt Schaeffler Formula E team

Audi has been involved with Formula E from the very beginning of the open-wheel, electric racing series. The German luxury automaker has lent its name and a factory driver, Lucas di Grassi, the since Formula E's inauguration in 2014. It has provided technical support and funding to the Abt team since the beginning of the current season. Now, Audi will take over the team's slot, giving the brand an official, full-fledged presence as a manufacturer in Formula E. The new team name will be Audi Sport Abt Schaeffler (moving the manufacturer's name to the front, compared to the current Abt Schaeffler Audi Sport), signifying that supplier Schaeffler will still be a powertrain partner moving forward. "We've been supporting the Formula E commitment with increasing intensity in recent months – on the race days, in the development of the new powertrain and in numerous off-track activities as well," says Audi board member Dr. Peter Mertens. "That Audi will be the first German automobile manufacturer to be actively involved in the racing series starting next season is also a clear commitment of our brand to electric mobility, on the race track as of December and next year on the road as well with the new Audi e-tron." Jaguar, the British luxury competitor to Audi, has its own Formula E team as of the 2016/2017 season. BMW, which supplies support vehicles to Formula E, is expected to field its own team beginning in 2018. Fellow German automaker Mercedes-Benz has been exploring involvement in the electric racing series as well. ABT Schaeffler Audi Sport, and its drivers Daniel Abt and Lucas di Grassi, has claimed five race wins and 23 podiums in Formula E. The team has been a fairly constant frontrunner in the series, and is currently in second place in points standings for this season, behind Renault E.dams. Audi and Schaeffler are currently co-developing a new powertrain for next season. Related Video: News Source: AudiImage Credit: Formula E Green Motorsports Audi Green Automakers Green Culture Electric Racing Vehicles Formula E abt schaeffler

Junkyard Gem: Fully depreciated 2001 Audi A8 L 4.2 Quattro

A great big A8 with a long wheelbase and all-wheel-drive is just the thing for a serious player with an oligarch-grade bankroll and the need to get to important corporate meetings during the worst Colorado snowstorms, and we're betting that's how this 15-year-old A8 L's original owner saw it. The problem with cars like this is that big, complicated, expensive machinery tends to develop big, complicated, expensive problems once the aging process sets in, and third or fourth owners of high-end German luxury cars tend to lack the resources needed to keep those cars going. So, those S-Classes and 7-Series and A8s end up in a place like this when something expensive breaks at age 15. This one, which has a very straight body and decent interior, now sits in its final parking space, among the Daewoo Leganzas and Volvo 850s in the imports section of a Denver self-service yard. If you're good with the wrenches and have some Audi expertise, you can't beat the luxury-per-buck deal of a solid 10-to-15-year-old A8; the price for a runner tends to be about the same as that for a tattered Corolla of the same age. This car's base price was $69,946 in 2001, or just over 95 grand in inflation-adjusted 2016 bucks, and it's packed full of leading-edge engineering that's still fairly advanced today. Related Video:

Audi CEO Stadler gets 5-year contract extension

Audi CEO Rupert Stadler will keep his seat at the top thanks to a contract extension. Volkswagen didn't divulge the length of the new contract, but German newspaper Frankfurter Allgemeine Zeitung said the term is five years. Stadler took over the current position in 2007 when current VW CEO Martin Winterkorn left it. That year the brand sold 93,506 in the US and 964,151 in total worldwide; last year it sold 158,061 in the US and 1,575,480 in total worldwide.
Even though the brand has managed only about half the US sales of its two main rivals, it led the charge globally through the first two months of this year. Over the next few years we'll see its US efforts increase with a $30.3-billion investment, 11 new models and the opening of its first North American plant. And right now it can make hay with its World Car of the Year award winner, the A3.
In addition to Stadler, VW sales boss Christian Klingler is said to have received a five-year contract extension, and VW China head Jochem Heizmann has earned another two years on the job.