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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:

Former Lamborghini designer reportedly headed to Hyundai

Luc Donckerwolke (pictured above) only left his position as the Director of Design for Bentley in early June, but he might have already had a new gig lined up as he was walking out the door. Donckerwolke is reportedly teaming up with former Volkswagen Group styling bigwig Peter Schreyer at Hyundai Motor, in a position to eventually take over the look of all of the Korean brands' vehicles. At the moment, this major hire for Hyundai and Kia is still just a rumor, though, and the Korean automaker is playing it close to the vest. Company spokesperson Jim Trainor tells Autoblog, "We do not comment on speculation concerning potential appointments." However, insiders tell Automotive News that the deal is the reason for Donckerwolke walking away from his long career among VW's brands. In Korea, Donckerwolke would hold a position under Schreyer at first, and he would take over Hyundai and Kia's design duties when Schreyer retires, which is expected in about two years. Donckerwolke joined the German automotive giant in 1992 and eventually came to define the modern look of Lamborghini by penning both the Murcielago and Gallardo. In 2011, he became the Head of Advanced Design for VW Group and took over styling duties at Bentley in 2012. Schreyer left a fruitful career at VW Group, including penning the original Audi TT, to join Kia in 2006. He gained the overall design duties for the Hyundai and Kia brands in 2012. Ousted VW Chairman Ferdinand Piech once said that he was regretful of losing the talented stylist. Related Video:

Here's our first look at the new Bentley Flying Spur sedan

We've seen a few different versions of the new Bentley Continental GT coupe rolling around Europe, but now we have our first view at the Continental Flying Spur, the car's four-door variant. Just like the coupe, it looks a helluva lot like the outgoing model. Bentley has done just enough to keep the car looking fresh while retaining what are now characteristic traits of the Continental twins. The Flying Spur is really just a stretched version of the Continental GT, though the former no longer carries the Continental prefix. While we don't know exactly how much longer the wheelbase is, expect generous legroom for those in the backseat. Don't expect many changes from the B-pillar forward, including under the hood. Look for both a twin-turbo V8 and a meaty twin-turbo W12, both making copious amounts of horsepower and torque. These spy shots don't give us the best view of the front, but we can see that Bentley has stuck on fake headlights, just like the GT prototypes. The grille appears to be a little more upright than the current model. There looks to be significant differences between the front of the GT and the Flying Spur, but we'll have to wait for another look. The rear has the now requisite oval taillights and exhaust tips. The entire rear looks like a GT with wide hips. There's been no word on when the car will debut, but look for news as soon as this fall or early next spring. Related Video: Featured Gallery Bentley Flying Spur spy shots Image Credit: CarPix Spy Photos Bentley Luxury Sedan bentley flying spur bentley continental flying spur