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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:

Living Life Large: Driving $2 million worth of cars in one week

Monterey Car Week has quickly become one of my favorite events of the year. There's something for everyone – classic car shows, modern concepts and new vehicle debuts, auctions, racing, and so much more. From a media perspective, there's also a chance to drive a ton of cars. Many automakers bring their latest wares out to Monterey for us to test during our limited free time, and it's a great opportunity to experience fantastic metal against a gorgeous backdrop. That's exactly what I did this year. Instead of flying into Monterey and being driven around, my journey started in Los Angeles and ended in Napa, and I managed to get behind the wheel of some $2 million worth of new cars. Some were old favorites, and many were new experiences. But looking back, this was one of the best weeks of driving I've had in years. Rather than try to come up with some common arc to tie these cars together, here are my notes on all the cars I tested in California earlier this month, presented in the order in which they were driven. 2016 Mazda CX-3 The CX-3 pictured here isn't the exact one I drove in California, but it's close. The only difference was color – my delivered-to-LAX tester wore Mazda's awesome new Ceramic hue (pictured below on the MX-5 Miata). I used the CX-3 to slum through crummy Los Angeles traffic for two hours on the way out to Santa Barbara, with a quick stop at In-N-Out Burger on the way for good measure. A lot nicer inside than I remember. Everyone praises Mazda for its excellence in engineering and design, but there's a lot to be said for the improvements in overall interior refinement. Quiet, comfortable, and well-equipped; the CX-3 made sitting on the 405 freeway a lot more pleasant. Not all that functional. I had a hard time fitting a week's worth of luggage for two people inside. The cargo area and rear passenger compartment were filled, with only enough room on top to see out the back window. A Honda HR-V would've swallowed all that luggage with plenty of room for more. So good to drive. Not surprising, since this wasn't my first time in the CX-3. I knew this CUV would be good on twisty roads, but on the highway it's really exceptional. Road and wind noise are minimal and the overall ride quality is a comfortable sort of sporty. This is definitely something I could drive every day – it's enjoyable during commuting and entertaining on more interesting roads.

Lamborghini sends off the Aventador with a stunning grand finale

Lamborghini created a 770-horsepower swan song to celebrate the end of the Aventador's production run. Known as the LP 780-4 Ultimae, the final evolution of the firm's flagship will arrive as a limited-edition model offered as a coupe and as a roadster. It's also presented as Lamborghini's last non-electrified V12-powered supercar. The roaring, naturally-aspirated V12 engine has played a significant role in shaping Lamborghini's image since the brand's inception in 1963. It's not completely going away, and it's certainly not about to adopt forced induction, but staying on the legal side of looming emissions regulations requires adding an electrified component. In the future, the V12 will be part of a hybrid system that hasn't been detailed yet. In the meantime, it carries on as a high-octane masterpiece with 6.5 liters of displacement and an output bumped to 770 horsepower at a screaming 8,500 rpm and 531 pound-feet of torque at 6,750 rpm. For context, the same basic engine develops 730 and 759 horsepower in the Aventador S and the Aventador SVJ, respectively. It still spins the four wheels via a seven-speed Independent Shift Rod (ISR) automatic transmission linked to a pair of shift paddles and a Haldex-type four-wheel-drive system. Lamborghini quotes a 0-to-62-mph time of 2.8 seconds and a top speed of 220 mph. With more power comes less weight: The Aventador lost 55 pounds in its transition from the S to the Ultimae. Like its predecessor, it offers enthusiasts a trick four-wheel steering system, huge carbon ceramic brakes, and four different driving profiles. 2022 Lamborghini Aventador Ultimae View 15 Photos Stylists and engineers worked together to update the Aventador's exterior design. Up front, the changes are relatively subtle and made largely to optimize aerodynamic efficiency. Out back, the tweaks are more noticeable. The two round exhaust outlets notably move up to echo the design seen on the aforementioned SVJ and on the smaller Huracan Evo. Buyers can choose from a palette of 18 paint colors, and they can customize accents like the red accents on the diffuser. Alternatively, a 300-color palette is offered by Lamborghini's Ad Personam division. Lamborghini will present the Aventador LP 780-4 Ultimae to the public for the first time during the 2021 edition of the Goodwood Festival of Speed opening tomorrow, July 8. Production will be limited to 350 coupes and 250 roadsters, and each one will wear a numbered plaque on dashboard.