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Audi: record profit as 'biggest product initiative' in its history gets underway
Thu, Mar 16 2023Audi 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.
Lamborghini to price Urus similar to Huracan
Thu, 04 Sep 2014If and when the Urus project is finally approved for production, it will take Lamborghini into not one but several new territories. For one, it will be the company's first SUV since the demise of the LM002 in 1993. It'll also be the company's first front-engined model since the demise of the Jalpa and Espada in the late '70s, and its first model to offer hybrid and turbocharged powertrains in, well... ever. Just don't expect it to be its cheapest model.
According to Motoring.com.au, in speaking with Lamborghini sales and marketing execs, the Urus "will be priced similarly to the Huracán," which is currently the Raging Bull marque's entry-level model. That doesn't mean, necessarily, that the Urus (pictured above in Beijing alongside the previous Gallardo) couldn't undercut the Huracán's price slightly - especially since it will likely offer more than one engine option - but don't expect it to come cheap.
The Huracán starts in the US for $237,250. If, as reported, the Urus commands a similar price, that would make it the most expensive SUV on the market. That is, at least, before other high-end rivals from the likes of Bentley and Maserati get into the game.
This Lamborghini could become the most expensive car ever sold on Bring a Trailer
Fri, Jun 19 2020The collector-car auction site Bring a Trailer has seen some wildly high sales results recently, including a 2000 Honda Civic Si for $50k, a 1997 Acura Integra Type R for $82k, and a '71 Datsun 240Z for $310k. Now, a 1968 Lamborghini Miura P400 up for auction right now could set a new high-water mark for the most expensive car ever to sell on the site. Any Miura is a blue-chip collectible, a seminal supercar that was designed by Marcello Gandini of Bertone and considered by many to be one of the most beautiful cars of all time. The transverse-oriented, mid-mounted, quad-cam V12 is fed by four Weber carburetors and was said to be capable of propelling the Miura to 170 mph. This one appears to be a compelling, restored example. As a P400, it is an early series car (the P400 S and SV followed). The audacious lime green paint is a color change from the original white and is paired with a blue interior that records show to be the original hue. The car has been shown at the Quail in 2016, has run the Pebble Beach Tour d'Elegance in 2018, and won an award at Concorso Italiano in 2016. Bidding at the time of writing is $800k with 10 days still to go. In order for this Lambo to ring the bell as the most expensive BaT sale ever, it will have to top the current champion, BaT's own 1956 Mercedes-Benz Gullwing that was the first car sold via the site's premium listings. A no-reserve sale, it brought $1,234,567. Yes, we see what the bidder did. Current Miura values would appear to give this P400 a shot dethroning that Gullwing. Hagerty assigns the 1968 Miura P400 a value of $1.1m in #1 condition. Recently, Gooding and Co. sold a 1969 Miura P400 S at Scottsdale in January for $1,242,500. A never-restored 1969 P400 S sold for nearly $1.6m at RM Sothebys London sale last fall, while a non-running 1968 P400 sold by RM earlier this month in Europe for $800,000. It looks like it will be a close call for this Miura to achieve top honors at BaT. But whatever it sells for, the new owner may want to send a professional car hauler rather than simply bringing a trailer. Although the most ballsy move would be to fly in and drive it home. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Â Â





































