2007 Porsche 911 2dr Cpe Turbo on 2040-cars

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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:

Singer's latest Porsche 911 has the most amazingly retro interior we've ever seen

Singer Vehicle Design doesn't just restore classic Porsche 911 models. The company says it "reimagines" the iconic sportscar for a reason – these are fully customized vehicles made specifically for owners who want something different than what rolled out of the factory floor. The latest twins to come from Singer debuted at the Quail Motorsports Gathering, and they are exquisite. Both the orange Targa (nicknamed Luxemburg) and the gunmetal gray coupe (nicknamed Minnesota) belong to the same owner, but they are very different in execution. Whereas the dark silver coupe is lovely and understated, the orange Targa is much more audacious. Luxemburg's (and yes, we do feel a bit silly using these names) most eye-catching feature has to be the multi-color leather seats. Large portions of the interior are swathed in deep blue leather, but the seats are covered in a unique seven-color leather weave pattern (two oranges, four shades of blue and one cream). The weave extends to the dash and door panels, and we absolutely love it. The removable roof panel is carbon fiber on the outside and blue canvas inside, but we'd have a hard time leaving it attached. Open air motoring is great, and better to enjoy the lovely sounds of the rear-mounted, 4.0-liter, air-cooled, flat-six engine. Minnesota looks almost looks mundane next to its orange sibling, but it's equally beautiful with its deep paint job and brown leather interior. Power for the coupe comes from a 350-horsepower, 3.8-liter, air-cooled engine built by Cosworth. Check out both Singer recreations in our galleries above and below. Related Video: Featured Gallery Singer Vehicle Design at the 2016 Quail View 23 Photos Related Gallery Porsche 911 Targa Reimagined by Singer Vehicle Design View 11 Photos Image Credit: Live photos copyright 2016 Drew Phillips / Autoblog Design/Style Misc. Auto Shows Porsche Automotive History Convertible Coupe Luxury Special and Limited Editions Performance Classics

Meet the man that discovered and restored the oldest existing Porsche

Luciano Rupolo is an absolutely fascinating gentleman. He was born in France but spent nearly his entire life in Italy as an auto mechanic running his own shop. His grandfather and father instilled a love of sports cars in him that he carried on by historic racing in Italy for decades. He saw his life-long automotive passion repaid when he found and restored the car that might have been the first Porsche registered for the road.
You can spot in his garage a split-window Corvette, Ferrari 250 GTE and other exotics, but Rupolo's most interesting automotive story concerns his Iso Grifo Competizione (pictured above). The sports coupe was found in the Canary Islands as little more than a shell, but Rupolo got help from a prestigious source for its restoration. The result is a motoring masterpiece.
Rupolo is a fantastic storyteller with a captivating, tale to tell. Settle in, scroll down and watch the bittersweet documentary about his life with one of the first Porsches.