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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:

Mercedes-AMG GT S pit against Porsche 911 Turbo in Evo Deadly Rivals test

When Mercedes-Benz announced that its all-new AMG GT would start at $129,900 deeply undercutting the $200,000-plus of its predecessor, the SLS AMG, immediate questions focused on how it'd stack up against the latest crop of high performers that occupy the mid-$100,000 range. Evo, over in the UK, didn't have to wait all that long. The latest installment in the outlet's "Deadly Rivals" series compares the AMG GT with the latest Porsche 911 Turbo. On paper, the test is sure to be interesting. The Mercedes uses a 4.0-liter, twin-turbocharged V8 with 503 horsepower and 479 pound-feet of torque, while a seven-speed AMG Speedshift dual-clutch shuffles power to the back axle. The 911 Turbo's formula is more of a known quantity – 520 hp from a twin-turbo, 3.8-liter flat six with the company's own PDK working in unison with all-wheel drive, torque vectoring and rear-axle steering. Of course, we're not going to spoil the results for you. Take a look at the video up top, and let us know what you think of Evo's latest track battle.

Overnight action from the 24 Hours of Le Mans

We won't go into a recap here, but there are still leading positions being fought for in all classes - it's so close that leads are changing when a car goes into the pits. We'll let the recap wait until the end of the race, so for now enjoy some shots from last night's action at the 24 Hours of Le Mans.