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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:

Updated Bentley Bentayga spotted testing in the snow

It seems that the Bentley Bentayga is up for a refresh. These spy shots, fresh in from frigid-looking Europe, show us a Bentayga that’s adopted a front end thatÂ’s much closer to the Flying Spur and the slinkier Continental GT. That means larger secondary lamps up front, a revised lower fascia, and slimmer taillights with a pronounced oval element thatÂ’s echoed in the dual exhaust pipes. Unlike the last Flying Spur we spotted, which was a prototype of a likely plug-in hybrid variant, this Bentayga doesnÂ’t appear to have dual filler doors, one for gas and one for a plug. ThatÂ’s not to say one isnÂ’t coming; the Bentayga will almost certainly get an updated version of the PHEV powertrain that failed to win us over on our last drive. Hopefully that, too, will get an update to make its groaning V6 less sad-sack and provide a little more oomph to its pure EV mode. As with the expected PHEV variant, we think that the Bentayga will get the rest of the Flying SpurÂ’s engine options Â… which for now is a singular W12 sporting twin turbos. We believe a V8 should follow in both models. Inside, expect changes to mirror the tech and interior features of the latest Bentley models. Maybe itÂ’ll even get the quilted leather found on the $15,000 Mulliner package. WeÂ’ll know for sure when Bentley pulls the sheet off the revised Bentayga soon.

2021 Bentley Flying Spur Speed spied undisguised, may be PHEV

The 2020 Bentley Flying Spur luxury sedan was just revealed a few months ago, but its high-performance Speed variant should be launching very soon. One of our spy photographers caught what appears to be a Flying Spur Speed completely undisguised. It follows the pattern of past Speed models in terms of style, but it may be powered by a hybrid powertrain, which would be a first for the Speed line. When it comes to the design, the Flying Spur Speed is quite subtle. The body is pretty much untouched except for the black mesh grilles. All the chrome trim has been changed over to gloss black as well, just as previous Speed models have done. At the back, the car now features quad exhaust tips that exit through the oval outlets in the bumper. The exterior also leads us to believe this is a hybrid. Looking closely at the back, you can see the factory fuel filler door nestled in the top of the right rear fender. Looking over to the left rear fender, you can just make out yet another small filler door ahead of the taillight. This door doesn't appear on the regular Flying Spur, so we believe it's an electric charger port door. The question is, what hybrid powertrain could it be using? It's likely not using the V6 hybrid from the Bentayga, since we've established that this is a Flying Spur Speed, but Bentley doesn't have any other plug-in hybrid powertrains at the moment. It's possible it could use a version of the Porsche Panamera Turbo S E-Hybrid V8 powertrain, which makes 677 horsepower and 626 pound-feet of torque. That would be more power than the regular Flying Spur's W12, if a bit less torque. And of course Bentley could probably tweak it for a bit more power. Then again, maybe Bentley will adapt some hybrid tech to its W12. Whatever the case may be, this should be a very interesting car. And since this is just a high-performance variant that's clearly pretty far in development, we should see it officially revealed soon. It would make sense for it to be launched for the 2021 model year and shown within a year.