2007 Bentley Continental Gt on 2040-cars

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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:

Car-crazy 5-year-old boy writes automakers for treasures, gets big response

Part of the beauty of children is that they can find worth in something adults might deem unworthy or overlook entirely. Five-year-old Patch Hurty didn't see garbage or a broken piece of a car when he spotted a Ford badge lying on the side of a road. He saw an artifact, a souvenir, a start to a collection he could only dream of. Ezra Dyer of Popular Mechanics tells the story of Patch and his quest to turn that one lost badge into a museum of manufacturer logos. According to the article, Hurty is a car fanatic through and through, even using car names as a way of learning to read. After finding the Ford badge near his Connecticut home, he and his mom put together a plan to reach out to dozens of automakers, confessing his love of things on four wheels. In each letter, Patch assembled a picture of himself standing next to one of the cars, and a penny to pay for whatever he hoped was sent his way. The response was unexpectedly and overwhelmingly positive. Of the more than 50 letters he sent out, including to obscure or defunct companies such as Bugatti, Suzuki, and Saturn, a majority responded with warm notes and some type of souvenir. Two of the coolest responses came from Lincoln and Bentley. Lincoln sent a sketch of a Continental (all car lovers enjoy drawing cars, right?), and Bentley sent a wheel center cap. How awesome is that? The story reminds us of something that can easily be lost in all of the negativity involved with the auto industry: Everybody is in this because of a common infatuation with automobiles. For more details on the souvenirs Patch received and accompanying photos, read the rest of the story. Related Video: News Source: Popular Mechanics Read This Bentley Bugatti Ford Lincoln Saturn Suzuki

Bentley resumes restoration of the first T-Series sedan

Bentley has shifted one of its on-going restoration projects into high gear. Found after spending decades undriven, the first T-Series sedan built is being brought back to life by the British company's apprentices and specialists and it should be back on the road by the end of 2023. Manufactured on September 28, 1965, about a week before the model's official unveiling at that year's Paris auto show, the oldest T-Series was finished in Shell Gray with a blue interior. Bentley initially kept the car and used it as a test mule around the world. The big sedan later ended up in private hands with a blue California plate and a "Beverly Hills Motor Cars" plate frame attached to its rear end. It was last registered in 2015, according to the sticker on the plate, though Bentley notes that it has spent decades off the road and in storage. Bentley bought the car and shipped it back to its headquarters in England. It started tearing down the sedan in October 2016: A group of apprentices removed the exterior trim and began preparing the body for new paint, but the project stalled. See, this happens even to luxury carmakers — don't feel bad about the Fox-generation Mustang lingering in the back of your garage. For collectors, projects tend to get delayed when, for better or worse, life happens. Bentley ran into different hurdles: It put the T-Series on the backburner to launch its current range of models, including the Flying Spur and the Continental GT. Nearly six year later, the firm is returning to the garage to wrap things up. It sounds like the T-Series was stored indoors, and being out of the elements might be its saving grace. Mechanics managed to fire up the 6.2-liter, 225-horsepower V8 engine, and they gave it a clean bill of health; the automatic transmission is in good condition as well. There is still some body work that needs to be completed and the interior is almost completely taken apart. Bentley estimates that the project will take approximately 18 months, so it should be finished by late 2023, and it plans to add the car to its Heritage Collection when it's done.  While it's a relatively obscure classic in 2022, the T-Series remains a hugely important part of Bentley's heritage.