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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.

Petrolicious cruises with a high-mile Lamborghini 400 GT

When a sports car is as beautiful as a 1967 Lamborghini 400 GT 2+2, it belongs on the road for people to see, and Jack Riddell definitely gives folks plenty of opportunities to check out his red Lambo. He has owned the grand tourer since 1972 and put well over 200,000 miles on the odometer in that time. They earn the spotlight in the latest clip from Petrolicious after previously appearing on Jay Leno's Garage. Riddell's constant use of the coupe is exactly what Ferruccio Lamborghini would have wanted. The company made the 400 GT to eat up huge stretches of road at high speed through Europe. The beautiful sound of the 4.0-liter V12 beckoned the driver to keep going just a little more. Riddell got lucky when he found the 400 GT and refused to let it go. Now the Lambo is like an old pal to him. He jokes about a few of the coupe's foibles, but after hundreds of thousands of miles together, they clearly have a deep connection. Related Video:

ItalDesign Giugiaro Parcour loses its lid

What could possibly be better than a two-passenger, off-road performance coupe built atop the Lamborghini Gallardo platform? A topless version of said vehicle, of course. We've already showed you the ItalDesign Giugiaro Parcour in fixed-roof form, and now we're able to bring you some live shots of the Parcour Roadster.
Honestly, the Parcour's lines probably look better on the hardtop model, but the Roadster's lack of top did give the ItalDesign Giugiaro crew a chance to change up the design ever so slightly. The windshield has been chopped and uses carbon-fiber pillars doubling as the vehicle's rollbars, while the hoops over the seats are also designed with safety and styling in mind. In addition to the roof, the Roadster also removes the separator between the passenger compartment and the engine bay meaning there is absolutely nothing to filter the noise created by the mid-engine 5.2-liter V10 putting down 550 horsepower.