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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:

Audi RS6 Avant vs. Vauxhall VXR8 Supercharged in wagon battle

The performance station wagon is the mature person's muscle car. As we get older, it's natural to add things like spouses, kids and dogs to our lives and each one necessitates a little more space. That doesn't mean we want to give up spirited driving though, and a quick five-door offers a great balance between needs and wants. In the latest video from Evo, we take a look at two, muscular European estates to see which is faster around a track.
Richard Meaden pits the Audi RS6 Avant and Vauxhall VXR8 Supercharged against each other; seeing that the cars go about utilizing their massive performance in very different ways. The RS6's all-wheel drive and luxury interior make it more of a scalpel around the track compared to the Vauxhall's rear-wheel drive hammer. Both offer the driver the chance to create some very smoky powerslides, though. Sadly, neither of these muscle wagons are available in North America, but scroll down to get a taste of them in the video.

Weekly Recap: The divergent paths of Tesla and Fisker

There's no doubt that Tesla is downshifting while Fisker has been grinding its gears. But it wasn't always that way.
In the wake of Tesla's recent success, it's easy to forget that there were once two California electric carmakers with bright futures.