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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.

2024 Bentley Bentayga EWB Mulliner is a private jet for the road

The high-riding Bentayga has stood proud as Bentley's range-topping model since the Mulsanne retired in 2020. The brand is cementing its first SUV's flagship positioning by launching an even more luxurious evolution of the extended-wheelbase version called EWB Mulliner. Developed, as its name implies, by the in-house Mulliner division, the long-wheelbase SUV rides on 22-inch wheels fitted with self-leveling center caps and wears a model-specific Double Diamond grille. Designers also added a chromed lower front grille, a Mulliner-branded badge on each fender, and two-tone door mirror caps. The list of options includes an appearance package called Mulliner Blackline Specification that replaces most of the bright trim pieces with gloss black parts and adds gloss black-finished 21-inch wheels for a more subtle look. We doubt anyone will yell "shotgun!" before taking a long trip in the Bentayga EWB Mulliner, as the best seats in the house are in the back. Offered with four or five seats, the SUV comes standard with the Bentley Airline Seat option that brings 22-way power-adjustable rear seats, an automatic climate-sensing system that detects whether the occupants are hot or cold and adjusts the heating or the ventilation accordingly, and postural adjustment technology that continuously changes the shape of the seat to ease pressure points. Two seating modes are available: Relax reclines the seat to nearly 40 degrees and deploys a footrest while Business moves it to its most upright position. Mulliner also added diamond-quilted leather upholstery, wood interior trim, wool floor mats and a three-dimensional diamond-milled finish on the center console, and it lets buyers choose one of eight three-color upholstery combinations created specifically for the flagship Bentayga. Alternatively, customers can work with the brand to design a one-of-a-kind interior. The finishing touch is an analog clock on the dashboard. If you have something to celebrate, Bentley can help: there's space for a bottle and two champagne flutes on the rear center console. Power comes from a 4.0-liter V8 that's twin-turbocharged to 542 horsepower and 568 pound-feet of torque. It spins the four wheels via an eight-speed automatic transmission, and it sends this living room on wheels from 0-60 mph in 4.5 seconds and on to a top speed of 180 mph. The list of standard features includes rear-wheel steering, a 48-volt anti-roll control system and an air suspension system.

Bentley designers show off how custom the custom coachbuilt Bentley Mulliner Bacalar can be

One of the draws of the Bentley Mulliner Bacalar, besides its gorgeous two-seat roadster style, is that it's a unique custom coachbuilt car. The company touts the fact that not a single piece of the exterior is shared with another Bentley. It will always be particularly rare, too, since only 12 will be built. But the unique, custom nature of the car extends beyond that to giving customers nearly free rein with interior components and colors. To show this off, Bentley designers created six gorgeous example models that have us wishing the company would make a few more than 12 Bacalars. Speaking broadly, customers will get to choose unique exterior paint, but the interior is perhaps the most interesting, as choices will include bespoke fabrics, piping, stitching and dash materials. The first of these shown in the gallery is one of our favorites, named Clerkenwell. It features two shades of green leather, and some contrasting green tweed fabric on the seats and the dash, and it's matched with huge swaths of a light wood veneer that stretches from the dash to the doors. The Greenwich interior that follows is also eye-catching with its oxblood leather, gray tweed, and two kinds of 5,000-year-old Riverwood veneer, part of it left as open pore, and the other part given a gloss finish. The other trims in order of appearance are Fulton, Menlo, Brickell, and Randwick. These show additional variations on leather color, and some of them swap the wood veneer for carbon fiber, or the tweed for Alcantara. And of course, all six of these cars get their own corresponding paint colors. Let us know in the comments which ones you like the best, and here's hoping Bacalar buyers get really creative with their cars. Related Video: