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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:

Now you can order a Bentley with real stone trim

Order up a new Bentley and you'll have some choices to make. After choosing which model, you'll need to select from over a hundred standard exterior paint colors and a staggering array of trim options – and now, interior stone veneers. Mulliner will now outfit your Bentley with actual stone trim. Now we know what you're probably thinking: stone adds weight. But here's the kicker: Bentley's new stone veneers measure just 0.004 inches thick. That's less than the breadth of a human hair, and (according to the automaker) makes these trim pieces not only very lightweight, but also translucent. The rocks are sourced from quaries in India, cured using fiberglass and resin, and finished by the Mulliner coachbuilding team back at the factory in Crewe, England. Customers will be able to select between a natural finish or in four tints to install on a new Continental or Flying Spur. So if you were hoping for a little extra ballast in your 5,300-lb Bentayga or 6,000-lbs Mulsanne, we're afraid you'll just have to choose a different interior accent. STONE VENEERS BY MULLINER – THE NEXT LEVEL OF MODERN BRITISH LUXURY - Bentley pushes boundaries of cabin luxury with new and rare materials - Lightweight and contemporary feature developed by Mulliner - Four exclusive colours: Galaxy, Autumn White, Terra Red and Copper (Crewe, 04 January, 2016) Bentley Motors' bespoke coach-building division, Mulliner, is introducing the next level of modern British automotive luxury – stone veneers. This innovative interior finish utilises state-of-the-art stone veneer technology to make a luxurious, contemporary feature of a natural product formed over 200 million years. The slate and quartzite stone is sustainably sourced from hand-selected quarries in Rajasthan and Andhra Pradesh, India – a nation with an ancient and rich culture of stone masonry. The sections of stone are split from larger pieces and cured using glass fibre and a bespoke resin. Finally, they are shaped and hand finished by Bentley's world-renowned Mulliner coachbuilding team at the company's headquarters in Crewe, England. The stone surfaces of the veneers are just 0.1 mm thick, meaning that they are both extremely light and translucent, allowing the elegant grain and pattern in the stone to be visible to the interior occupants.

Autoblog Minute: Frankfurt Motor Show recap

We check in with Autoblog staffers in Germany for a recap of the biggest reveals from the 2015 Frankfurt Motor Show. Autoblog's Adam Morath reports on this edition of Autoblog Minute with commentary from senior editor, Greg Migliore. Show full video transcript text [00:00:00] As the doors of the Frankfurt Motor Show open to the world's press we venture across the Atlantic for a front row seat to all the action. I'm Adam Morath and this is your Autoblog Minute. The fall auto show season kicks off this week and Germany is set to play host. We're expecting plenty of big vehicle reveals and industry news to come out of Frankfurt. [00:00:30] [Greg Migliore Interview] [00:01:00] Be sure to check in with Autoblog for tons of great photos, video and editorial coverage on all things Frankfurt. For Autoblog, I'm Adam Morath. Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals. Frankfurt Motor Show Bentley Jaguar Mercedes-Benz SUV Concept Cars Electric Autoblog Minute Videos Original Video