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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:

Bentley Continental GT art car is meant to move while standing still

Art cars are always cause for interest, so when a Bentley “art car” pops up, we take notice. This particular Bentley wasnÂ’t commissioned by the folks in Crewe, but instead by a dealership in the U.K. named Jack Barclay Bentley. The art on the car was applied via a wrap over a black paint job, and itÂ’s the work of Icelandic artist Katrin Fridriks. A new Continental GT was the canvas for this work, and there is an explanation as to the motivations of the artist. The piece is part of FridriksÂ’ “Speed of Light — Commander” show. Its design is meant to give the car a sense of speed and motion even when sitting still. Only black, white and gray were used. HereÂ’s what is said about the art in the official write-up from the dealership: “Utilising an exceptionally limited color palette between black and white, the artistÂ’s intervention allows the bold, hand-crafted lines of the car to come through her energetic liquid shapes. The abstract organic forms applied on the elegant surface of the powerful vehicle are following its impeccable design, accenting its raw performance and motion. Starting with harmonious flowing marks in the front and accelerating towards splattering paint on the back, she is offering a different and unique appearance of the car depending on the variety of viewing points.” The language used is rather flowery, but what else should we expect from Bentley? Jack Barclay Bentley also happens to be the oldest Bentley dealer in existence, having sold Bentleys for 92 years now. This car will be on display at the dealership in London's Mayfair district until Oct. 7 before itÂ’s sent on a number of special events with JD Malat Gallery.

Autoblog Podcast #343

George Kennedy from Boldride.com, BMW i3, NACTOY long list, Bentley SUV
Episode #343 of the Autoblog podcast is here, and this week, Dan Roth and Steven Ewing are joined by George Kennedy, Autoblog alum and Editor-in-Chief of Boldride.com. Topics include the unveiling of the BMW i3, the 2014 North American Car and Truck of the Year long list, and the green-lighted Bentley SUV. As always, we start with what's in the garage, but then answer some of your questions before diving into the week's news. For those of you who hung with us live on our UStream channel, thanks for taking the time. You can follow along after the jump with our Q&A. Thanks for listening!
Autoblog Podcast #343: