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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.

Lamborghini Miura owner sues garage over million-dollar car-b-que [w/video]

Remember about a year and a half ago when a rare, classic Lamborghini Miura SV went up in flames in London? Its owner sure does. And he's not willing to write it off, pointing fingers squarely at the Lamborghini dealership in London for causing the fire. It may seem like a difficult case to make, especially since the Miura was not in the dealership's possession when the fire erupted – the owner's son was driving it, but he was driving it home from the dealer where it had been brought in for service. According to the suit filed by the vehicle's owner, billionaire property agent Jon Hunt, the mechanics at the dealership owned by high-end automotive group H.R. Owen must have improperly fitted the spark plugs during the Miura's service. Lamborghini's official dealership should have known better, says Mr. Hunt. That's why Hunt is suing the dealership to the tune of GBP700,000, equivalent to over $1 million at today's rates, plus storage costs and "loss of enjoyment." The vehicle – one of only 764 made – was evaluated at GBP900,000, but Hunt's suit deducts the GBP200,000 it was worth as scrap. We've included footage of the fire below, but it's not for the weak of heart when it comes to watching an irreplaceable classic supercar burning to the ground. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

2018 Lamborghini Huracan Performante Spyder First Drive Review | Cheating the wind

NAPA, Calif. — A long, fast, right-hand sweeper appears a few hundred feet ahead, but I don't tap the brakes. Instead I decide to trust the aerodynamics. And when the Lamborghini Huracan Performante Spyder slices through corner after corner with zero drama, the smile that naturally occurs when driving something so potent gets incrementally more maniacal. From behind the wheel, the driver can't see what's happening with the front splitter and rear wing. All the action takes place underneath the wedge-shaped bodywork. Electric actuators open and close air pathways that either push the Performante Spyder into the ground for the best possible cornering performance, or cancel out that drag-inducing downforce so that the car can accelerate as quickly as possible and hit a higher maximum speed. I have good reason to put faith in Aerodinamica Lamborghini Attiva, which I'll henceforth and mercifully shorten to its initials ALA — a system we've already experienced on our first and second drives of the Performante Coupe. I'd been given the full rundown on the bits and pieces of forged composite that make it all work, the most impressive of which allow aero vectoring from the wing to apply downforce only to the rear tire that needs it most. But it wasn't until I was behind the wheel on a particularly twisty ribbon of asphalt outside of Napa, California, that I was able to put ALA to the test. I progressively took corners faster, building up speed and pushing myself harder into the grippy bolsters of the Alcantara seat. The Performante Spyder stayed as flat as the plains of Kansas, and never gave one hint of breaking traction from the front or the rear. Straight-line acceleration is just as impressive. Yes, at 3.1 seconds, the Spyder is .2 seconds slower to 62 miles per hour than the Performante Coupe. Unless you're racing for pink slips, that's imperceptible and meaningless in the real world. Keep the throttle pinned and you'll hit a top speed of 202 mph, which matches that of the Coupe. What those numbers don't tell you, though, is how it actually feels to lunge forward with all-wheel-drive traction from a dead stop and sense no slowdown in the rate of acceleration until you're too scared to keep your foot planted any longer. I suggest keeping your head pressed firmly against its rest before trying for yourself. The naturally aspirated V10 engine sitting directly behind the passenger compartment spins out 640 horsepower and 443 pound-feet of torque.