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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:

New Lamborghini Aventador SVJ previewed in dealer's Instagram post

The new Lamborghini Aventador SVJ will officially be revealed Thursday evening at the Pebble Beach Concours d'Elegance, but the limited-edition supercar has already been shown in an Instagram post. British Lamborghini dealer HR Owen has been posting teaser materials of the SVJ, or Superveloce Jota, on Instagram, and showed the full frontal image of the SVJ today. In the photo, the SVJ's distinctive front vents can be seen, as well as the shape of the new rear wing. For future supercar spotters, the front bumper vents, reminiscent of nostrils, will be a good way to tell the SVJ from lesser Aventadors. There's also a new front splitter and a re-engineered dual-pipe exhaust system with aerodynamic benefits. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The SVJ has already claimed fame with its record-breaking Nurburgring Nordschleife lap of 6 minutes and 44.97 seconds in the hands of test driver Marco Mapelli. This made the SVJ the fastest production car on the track, and the lap time is 15 seconds faster than a regular Aventador SV. Reports say the SV's 739 horsepower will be bested by 20 in the SVJ, for a total of 759 horsepower; some reports claim an even bigger jump to 780. All in all, the SVJ is likely to be produced in extremely limited numbers. Related Video:

Lamborghini donates Huracan to Italian police

Lamborghini made a big entrance with the Huracán LP 610-4, and now the Italian State Police can, too. The Sant'Agata automaker donated one to Giovanni Law to the replace the Gallardo the authorities have had in service for six years.
It will be used to "sustain security on Italian roads" and is loaded with a Q-Branch worth of features that you won't even find on any Ad Personam options list: a "Proof Video Data System" to track the Lamborghini and the suspects being chased, number plate recognition and tracking and real-time transmission of images to HQ, four sirens, an aerodynamic light bar, a refrigerated trunk for organ storage, a defibrillator and - naturally - a hand-held stop sign.
The Huracán LP 610-4 Polizia should go into service by year's end. There's a press release below so you'll know who to look out for if you turn scofflaw inside the nation-state line.