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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.

2023 Chicago Auto Show Mega Photo Gallery: See all the new cars from the show

The 2023 Chicago Auto Show played host to a number of reveals this year, and we were there to capture all of them. In traditional auto show fashion, that means you’re getting a mega gallery of galleries to flip through and see all the vehicles on the show floor. Our EditorsÂ’ Picks from the show are already out — spoiler alert, the 2024 Toyota Grand Highlander took home the prize. That said, there were other important reveals like the 2024 Volkswagen Atlas and Atlas Cross Sport and the 2024 Subaru Crosstrek. We also learned some interesting tidbits, such as the fact that VW is considering a pickup, and Jeep owners really are plugging in. To see the photos, scroll on down and start flipping through those galleries.   2024 Toyota Grand Highlander 2024 Toyota Grand Highlander View 7 Photos 2024 Volkswagen Atlas 2024 Volkswagen Atlas View 14 Photos 2024 Volkswagen Atlas Cross Sport 2024 Volkswagen Atlas Cross Sport View 7 Photos 2024 Ford Mustang Dark Horse with its carbon fiber wheels 2024 Ford Mustang Dark Horse with carbon fiber wheels View 7 Photos 2024 Chevrolet Corvette E-Ray 2024 Chevrolet Corvette E-Ray View 10 Photos Jeep Wrangler Anniversary Editions Jeep Wrangler Anniversary Editions View 3 Photos 2023 BMW XM 2023 BMW XM View 6 Photos Ram Revolution Concept Ram Revolution Concept View 6 Photos NASCAR Chicago Street Race Pace Car — Toyota Camry NASCAR Chicago Street Race Pace Car ? Toyota Camry View 4 Photos Everything else at the 2023 Chicago Auto Show Lamborghini Countach LPI 800-4 View 12 Photos Related video: Chicago Auto Show BMW Buick Chevrolet Ford GM GMC Hummer Jeep Lamborghini RAM Toyota Volkswagen Truck Coupe Crossover SUV Concept Cars Electric Hybrid Luxury Off-Road Vehicles Performance Supercars Sedan

Lamborghini and Bentley rack up record sales in 2022

Sister companies Lamborghini and Bentley independently announced that they set a sales record in 2022. Both firms posted a big increase in deliveries, and their announcement comes shortly after Bugatti and Rolls-Royce released their own record-breaking 2022 sales figures. Lamborghini delivered 9,233 cars in 2022, an increase of 10% over 2021 (which was a record year as well). Its best-selling model is the Urus, which accounted for 5,367 deliveries (a 7% increase over 2022). That's not surprising; SUVs sell well. What's rather stunning is that Huracan deliveries soared by 20% to 3,113 examples in 2022. Finally, Lamborghini delivered the last 753 examples of the Aventador. Geographically, the United States remains Lamborghini's biggest market; the company delivered 2,721 cars there in 2022 (an increase of 10% over 2021). China takes second place with 1,018 deliveries (up 9%) followed by Germany (808 cars; up 14%), the United Kingdom (650 cars; up by 15%), and Japan (546 cars; up 22%). All told, deliveries in the EMEA region(Europe, Middle East and Africa) jumped by 7% to 3,484 cars. The company's outlook for 2023 is bright. It will notably unveil the Aventador's hotly-anticipated successor, and the yet-unnamed model will stand out as its first series-produced hybrid model. Its historic factory in Sant'Agata Bolognese, Italy, will keep busy as well. "We now have the opportunity to focus on our next objectives also thanks to an 18-month waiting list," said company boss Stephan Winkelmann. While it's too early to tell if 2023 will be another record year for Lamborghini, executives stress that they want to keep the company's growth in check. The aim isn't to rival, say, BMW in terms of volume. "The idea will always be to have one car less than demand," Andrea Baldi, the head of the Americas region for Lamborghini, told Autoblog in 2022. "We will never become unexclusive. That is a promise." Bentley is celebrating for many of the same reasons: It sold 15,174 cars in 2022, an increase of 4% over 2021 and its first annual result above the 15,000-unit mark. Here again, there are some interesting surprises hidden in the numbers. Its best-seller was the Bentayga, it represented 42% of the firm's sales, and 2022 was the big SUV's most popular year — that's an impressive feat for a car released in 2015. The Continental GT range represented 30% of sales and the Speed variant accounted for 31% of those. The Flying Spur represented the remaining 28%.

Lamborghini Urus Performante First Drive Review: The Lambo SUV gets more Lambo

COPENHAGEN, Denmark – If youÂ’ve followed the automotive industry for long enough, you likely remember when SUVs made by companies known for low-slung sports cars were the subject of controversial headlines. Fast-forward to 2023, and the controversial has become commonplace. Massive people-movers with supercar-like power are the status quo in the luxury segment, they usually outsell their more poster-friendly stablemates by a wide margin, and many of the companies who arenÂ’t already on this bandwagon are looking for a place to jump on. Unveiled in 2017, the Lamborghini Urus has amassed a significant following (itÂ’s the Italian brandÂ’s best-seller) and a growing list of rivals that includes the Aston Martin DBX. While itÂ’s no longer the newest kid on the block, it recently received a round of updates and gained a range-topping Performante variant. “We got a lot of new customers with the Urus,” said Luca Pacini, LamborghiniÂ’s head of R&D strategy and projects coordination. “WeÂ’re happy that people recognize the Lamborghini brand in it, and we decided to characterize it even more by offering a wider range that stretches from comfort to performance — performance is LamborghiniÂ’s DNA, after all. This caters to the demands of our customers.” Releasing a sportier Urus makes perfect sense since sister company Bentley and rival Aston Martin both offer higher-spec variants of their SUVs. Still, calling it “Performante” is a bold move because Lamborghini has historically reserved this nameplate for hardcore evolutions of its V10-powered models. ItÂ’s not merely a marketing pirouette: the Pikes Peak record-setting Urus Performante stands out from the Urus S with a specific body kit that includes a redesigned front splitter and a reasonably subtle roof-mounted spoiler. Lamborghini claims these updates contribute to a not-insignificant 8% increase in downforce. Carbon fiber parts (like the vented hood) and a titanium exhaust system designed by Akrapovic help make the Performante about 104 pounds lighter than the Urus S, though it nonetheless tips the scale at approximately 4,740 pounds. Light? Well Â… yes, kind of. Although the uber-Urus weighs about twice as much as a new Mazda MX-5 Miata, none of the models it competes against qualify for the “lightweight” label. AstonÂ’s DBX 707 checks in at 4,940 pounds and every Bentayga variant weighs more than 5,000. Chassis changes are part of the Performante treatment as well.

Join us for a closer look at the Lamborghini Huracan Sterrato

Unveiled in November 2022, the Sterrato is the final and arguably wildest evolution of the Lamborghini Huracan. The limited-edition coupe isn't scheduled to enter production until February 2023, but Autoblog got to check it out in the flesh at a preview event held in Denmark. The first all-terrain variant of the Huracan looks just as cool in person as it does in Lamborghini's official photos. Seeing it up close reveals some of the finer design details that the press shots didn't show, like the subtle "Sterrato" logo on both roof rails and the exposed bolts that hold on the wheel arch flares. I also got to take a peek in the engine bay for a look at the other side of the roof-mounted intake system. While the Huracan STO also features a roof-mounted scoop, it's used to channel cooling air into the engine bay. Rouven Mohr, the head of Lamborghini's research and development department, told Autoblog that his team re-imagined the scoop as the intake system's inlet after realizing that dust clogs the air filters via the stock, side-mounted intake system. While that's not a huge deal in Los Angeles traffic, it's important off the pavement because the Sterrato's purpose isn't to crawl over boulders; it was designed to go very fast on unpaved surfaces. "Its purpose is fast off-roading," Mohr told me. "In my mind, off-road you're always going a little bit slow and climbing up somewhere. This is not the intention; this car can also climb but its intention is going sideways on gravel, rally-style." Zooming out, the Sterrato is a racing livery away from looking like a rally car. It's considerably taller than the other Huracan variants, and it looks even higher in person than it does in photos. If you see it in the right light you can spot some of the underbody hardware between the wheels and the arches in spite of the meaty tires. The side skirts and rear diffuser have been given a more off-road-ready design as well. We'll need to be patient to find out what the Sterrato is like to drive, but it's a recipe for fun on paper. It's powered by a version of the STO's naturally-aspirated, 5.2-liter V10 engine that develops 610 horsepower at 8,000 rpm and 417 pound-feet of torque at 6,500 rpm; the revised intake system is to blame for the 21-horse drop. Lamborghini quotes a 3.4-second sprint from zero to 62 mph and a top speed of 162 mph.

These were our favorite cars of 2022

Favorite cars is different than best cars. The idea of "best" can speak to value and overall competitiveness in a given vehicle segment. There's lots of objectivity involved and to do a "best" list right, one really must be very thorough and as scientific as possible. This is not that list. This is about our favorites, so objectivity be damned. If we liked a Challenger Hellcat because it made loud noises or a Honda Odyssey because it made for a particularly special family vacation, fair game. These were the cars that most spoke to our collection of editors and the ones that stayed in our minds and hung in our hearts long after they left our driveway. — Senior Editor James Riswick 2022 GMC Hummer EV Senior Editor, Green, John Beltz Snyder: I didn't particularly expect to like the new Hummer. I wasn't a fan of the Hummer H2 or H3, so I wasn't automatically enthusiastic about this electric reboot. Fast EVs aren't hard to come by — and, in fact, may be too easy to come by — so its performance specs weren't enough to win me over. Despite videos to the contrary, pickups aren't my favorite vehicular format. And its excessive size and weight turned me off ... until I finally got behind the wheel.  This thing is wildly entertaining to drive. Watts to Freedom launch control is a neat party trick, sure, but the novelty wears off quickly. The novelty of Crab Walk, however, has staying power. The rear-wheel steering makes this behemoth feel much smaller than it is — the maneuverability is incredible, and useful. The air suspension provides tons of clearance, including a ridiculously high-riding Extract mode. I can't wait for lesser versions of the Hummer to make their way to market. Give me less power (for less money), but keep the off-road tricks onboard, and I'll be a happy camper. Senior Editor, Consumer, Jeremy Korzeniewski: If I could afford to put one of these in my driveway, I would. Sadly, I can't, so I won't (What's that, Janet? I got the lyric wrong?). Still, I love the dumb thing. Thankfully, I have another choice down below. 2022 Porsche 911 GT3 Associate Editor Byron Hurd: Yeah, duh, Porsches are good. But there's good, and then there's GT3. This is the feeling every performance-oriented RWD tuner is trying to replicate. This is hard, precise, surgical and immensely satisfying. To begin to explore this car on a public road is by itself an admission that you believe yourself to be above the rules as they apply to normal drivers.

Lamborghini explains how (and why) it designed the Huracan Sterrato off-roader

Lamborghini broke new ground (literally and metaphorically) by launching an off-road-ready variant of the Huracan called Sterrato. It's not the brand's first off-roader; that branch of the family tree includes the LM002 built in the 1980s and the Urus. But it's the only Lamborghini that has made the improbable leap from the track to the trail. I sat down with Rouven Mohr, the head of the firm's research and development department, to find out how and why the Sterrato came to life. Interestingly, it started with a wild idea floated by executives during a dinner. [The following has been edited for clarity.] RG: What's the story behind this car? RM: I have a personal connection to this project. The basic idea was born at a dinner I attended the first time I worked for Lamborghini, in 2017. I was eating with Maurizio Reggiani, my former boss, and Mitja Borkert, our chief designer, right after a test of the Urus. We were so happy talking about how much fun the Urus is to drive on gravel, and we said, "This would be even cooler with a super-sports car." At that time, I was responsible for whole vehicle development. When I got back to the office, I decided to take an old Huracan durability test car that was scheduled to be scrapped and build a demo car. Everybody was so in love and agreed it was very cool, but based on other priorities the company decided to stop [the project]. When [CEO] Stephan Winkelmann returned to Lamborghini, he saw the car and asked why we didn't build it. So, we restarted the project. I'm back at Lamborghini now, and it's a big pleasure for me to bring this project to the market. RG: Beyond the cool factor, what was your goal during the project? RM: This car's mission is quite easy to explain. At Lamborghini, we always have two pillars. One is performance, which means pure numbers like top speed and lap times. It's not only Lamborghini [that can deliver this], however, because a lot of other brands also have the numbers. We are always looking for something unexpected that improves the driving thrill, the overall experience, and we recognized after testing the demo car that there is really nothing comparable from the perspective of pure emotional driving behavior on the market. The mission of this car is to bring maximum driving fun, not only on the track but also on low-grip surfaces. The mission of this car is transferring the driving experience that we have from the Huracan STO on the track to low-grip surfaces.

Lamborghini Huracan Sterrato off-roader is a heavy-metal swan song

Lamborghini's Huracan has almost reached retirement age, and it's going out with one hell of a bang. The model's last evolution may be the wildest yet: called Sterrato, it's an off-roading supercar with a rugged-looking design, a big V10, and a desert-ready suspension system. If the design looks familiar, it's likely because Lamborghini previewed the Sterrato by unveiling a close-to-production concept in June 2019. Some of the finer design details have evolved over the past three years, but the basic idea hasn't: The Sterrato remains recognizable as a member of the Huracan range, but it's characterized by styling cues you'd expect to find on an off-roader such as flared wheel arches, an additional pair of lights on the front end (they will be covered on American-spec cars because they can't be homologated), and roof rails. The coupe sits higher than the regular Huracan and rides on 19-inch wheels. Check out the roof-mounted scoop; it's not there for show. "In the STO, the scoop is functional but it's there to help with cooling; the air intakes are on the sides [of the car]. In this car, the air scoop is the air intake, and we have completely revised the intake system because during testing we realized that if you drive very fast off-road, with a lot of direction changes, for a long time then dust blocks the air filters too fast. We decided to close the side entries and added the air scoop to catch the cleanest possible air, and we optimized the air filter itself. This is the reason why the Sterrato has "only" 610 horsepower. It's the same engine as the STO, complete with titanium valves, but the reduction of power is due to the fact that the redesigned air intake system has a bigger air pressure drop," Rouven Mohr, the head of Lamborghini's research and development department, told Autoblog. Speaking of the engine, power for the Sterrato comes from a naturally-aspirated, 5.2-liter V10 tuned to develop 610 horsepower at 8,000 rpm and 417 pound-feet of torque at 6,500 rpm. Mid-mounted, it spins the four wheels via a seven-speed dual-clutch automatic transmission and a mechanical locking rear differential. Lamborghini quotes a 0-to-62 mph time of 3.4 seconds and a 162-mph top speed. For context, the aforementioned STO takes 3 seconds flat to reach 62 mph and tops out at 193 mph — it can't go very far off the pavement, though. Building a Huracan capable of sprinting across the desert required making significant changes to the suspension system.

Lamborghini Huracan Sterrato shows its off-road-friendly design

The all-terrain Lamborghini Huracan Sterrato is nearly ready to make its debut. The supercar's final (and most extreme) evolution will break cover on November 30 in Florida, and a batch of photos showing the coupe without camouflage reveals how designers SUV-ified a supercar. We've never seen anything quite like the Huracan Sterrato; at least not in showrooms. Lamborghini previewed the model in June 2019 by unveiling a close-to-production concept, and it's clear that the overall design hasn't changed much in the past three years. Sitting far higher than the average supercar, the Sterrato gets a pair of LED driving lights up front, wheel arch flares, specific side skirts, and roof rails. These styling cues were previewed by the concept, but the air scoop seemingly connected to the engine bay is a new addition to the look. Lamborghini Huracan Sterrato View 4 Photos It's reasonable to assume that there's much more going on than meets the eye. We're impatient to find out how Lamborghini modified the Huracan's suspension system for off-road use, for example. And, there's no word yet on what the model is powered by. Our crystal ball tells us it's a version of the standard car's naturally-aspirated, 5.2-liter V10 but it's too early to provide horsepower and torque figures. The Lamborghini Huracan Sterrato is scheduled to make full its debut at Art Basel show in Miami, Florida, on November 30, 2022. It will be the last evolution of the Huracan; its successor is due out in the coming years. Official details remain few and far between, but an unofficial report claims the upcoming new model will land with an 850-horsepower gasoline-electric hybrid powertrain built around a twin-turbocharged V8 engine. The birth of a new segment? The idea of a supercar that keeps going after the pavement ends is unconventional; for decades, supercars were bound to roads while SUVs and pickup trucks were designed to go off-road. There have been a handful of notable exceptions to this rule, the mega-obscure Mega Track built in France in the 1990s comes to mind, but the idea didn't catch on until recently. Volkswagen-owned Italdesign Giugiaro alchemized the Lamborghini Gallardo into an off-roader called Parcour at the 2013 Geneva Motor Show and Audi followed-up with the Nanuk concept later that year. Fast-forward to 2022 and Porsche wants a slice of this segment, too: it's preparing a 911 on stilts called Dakar. Related video: This content is hosted by a third party.

Lamborghini has been developing an IPO strategy 'for a long time'

Porsche AG isn’t the only Volkswagen AG brand that has been quietly preparing for a potential initial public offering. Italian luxury-car maker Lamborghini has been developing a strategy how to present itself to stock-market investors since well before Volkswagen asked each of its brands to come up with virtual equity stories, according to the unitÂ’s Chief Executive Officer Stephan Winkelmann. “WeÂ’ve been working on this with other agencies in order to create clarity,” Winkelmann said. “As a brand, weÂ’ve done so for a long time, to show what worth, what value we have. Up until a little while ago, it wasnÂ’t so well known.” Porsche became EuropeÂ’s most valuable automaker last month, when its market capitalization overtook that of VW a week after its IPO in Frankfurt. The debut of the 911 maker was a bold move into public markets, which have been largely shut for most of the year. VW CEO Oliver Blume has said he sees the listing as a blueprint to unlock more value from the groupÂ’s brands that also include Audi and Bentley. “An IPO drill is exactly what you do to show the public how solid you are and what is in progress for the future,” Winkelmann said. “We have a clear story and strategy for that.” Audi, which oversees VWÂ’s premium brands, said last month there are no concrete plans for an IPO of Lamborghini. A previous push to potentially spin off the carmaker and motorcycle brand Ducati ran into opposition from labor leaders. Still, LamborghiniÂ’s recent profit gains -- including a 31.9% operating margin in the first half of this year -- make a solid case for a stock-market listing, said Michael Dean, an analyst at Bloomberg Intelligence. “An IPO is something that could potentially happen in the next 18 months, depending on market conditions,” Dean said. “A ˆ15 billion valuation is entirely justifiable and could be even higher, given the margin metrics.” LamborghiniÂ’s deliveries rose 8% to 7,430 vehicles in the first nine months of the year. Operating profit climbed 69% to ˆ570 million ($567 million). Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Lamborghini teases Huracan Sterrato tackling terrain