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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:

Bentley Continental GT3 grows wings to conquer the Pikes Peak Hill Climb

Apparently, this is a Bentley. That may not be obvious at first glance on account of the … everything, but this winged beast does have a Bentley logo on it. You see, Bentley is headed on back to Pikes Peak for a third (and final) time. The companyÂ’s first two visits saw the production SUV record achieved with the Bentayga W12 and the outright production car record taken with the Continental GT. This time, Bentley is targeting the “Time Attack 1” record, and the Continental GT3 Pikes Peak is its steed of choice. Leading the car's superlative features is what Bentley claims to be “the biggest rear wing ever fitted to a Bentley.” We heartily approve. The aerodynamic package is fully in vogue with other cars built specifically for Pikes Peak. Maximum downforce is generated with the huge wing, a gigantic diffuser, two-plane splitter and aggressive dive planes. ItÂ’s more track rat than elegant race car with the numerous scoops and venting throughout. The exhaust cutouts just aft of the front wheels complete the hooligan package. This Continental may have Bentley lights on it, but the similarities between it and the road car donÂ’t go much further. Details about the engine are limited, but Bentley says itÂ’s a 4.0-liter turbocharged V8 racing engine, not a production V8 or W12. Modifications were made to make it more powerful for this Pikes Peak run, but Bentley also made adjustments for the fuel it will be running in the car. Instead of running this Continental on race fuel, itÂ’s going to be using biofuel-based gasoline. WeÂ’ve heard Porsche make waves about the potential of greener biofuels helping to drastically reduce emissions, and now Bentley is making some noise about the tech, too. In coordination with Porsche (all in the same VW Group house), Bentley is researching how it could use biofuels and “e-fuels” to potentially power both past and future Bentley cars. As of today, Bentley is saying that using these fuels could result in greenhouse gas emissions reductions of up to 85%. Put simply, thatÂ’s huge, if it can be made to work at a large scale. Bentley expressly states that this research into biofuels doesnÂ’t affect its plan to become an electric-only automaker by 2030. Instead, Bentley sees it as a way to allow the brandÂ’s past and current gasoline-powered vehicles to be driven far into the future — just over 80% of all Bentleys ever built are still on the road, according to BentleyÂ’s internal tracking.

Here's the Bentley Bentayga actually going off-road

There might not be many opportunities to see a Bentley Bentayga getting dirty off-road, but Bentley is making sure its upcoming crossover can perform capably when off the beaten path. This video demonstrates the Bentayga's all-wheel drive system, and you can see the wheels braking when needed. While the SUV's exterior is covered in cladding, you get an idea of the vehicle's general shape. A small skid plate is also visible underneath. It is not set to go on sale until 2016, but the Bentayga has been spied testing all over the world. Bentley also already offered a good look at the interior. Most recently, the model showed up on the highways around Dubai, likely for hot-weather evaluation. Laps around the Nurburgring should also help keep the SUV relatively light on its feet. With 4,000 interested customers lined up as of earlier this year, the Bentayga should be a success for Bentley. After launch, a diesel V8 version and a plug-in hybrid are reportedly on the way in 2017. Later, a smaller crossover might be in the cards, too. Related Video: