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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 releases official Continental GT3 details [w/video]

It's been almost a year since we first laid eyes on the Bentley Continental GT3, but this race-bred Continental GT is finally ready to show off its moves. After debuting last year at the Paris Motor Show, the Continental GT3 makes its racing debut today at the Goodwood Festival of Speed before competing in the FIA Blancpain Series next year.
While Bentley released some of the car's details last month, we now have all we need to know about this car such as its curb weight of less than 2,866 pounds, its 4.0-liter twin-turbo V8 packing 600 horsepower and four-way adjustable suspension dampers. The exterior of the car stays true to the design of the Continental GT but has been given a once over to improve aero, and the interior has been stripped down to the bare essentials for racing. This doesn't mean that all luxury was thrown out the window, though, as the Continental GT3's steering wheel, door pulls and seat are all covered in hand-stitched leather. Scroll down for the official press release as well as a video showing the car in action.

Bentley is recalling just 88 Bentaygas for loose screws

The Basics: Bentley is recalling just 88 2017 Bentaygas for loose screws. That may seem like a small number, but it's a sizable portion of the 378 possibly affected vehicles. The vehicle has only been on sale for a very short while. The Problem: According to Bentley and the National Highway Traffic Safety Administration, some Bentaygas left the factory with seat and instrument panel joints improperly tightened. Essentially, the big, expensive SUV has a few screws loose. This was discovered when a routine systems check revealed missing torque data for 88 vehicles. The improperly tightened parts can work themselves free over time, increasing the risk of injury. Injuries/Deaths: The Bentayga hasn't been on sale long enough for these improperly tightened parts to be a threat, so no injuries or deaths have been reported. The Fix: Bentley will notify affected customers starting this month. Owners can take their Bentayga to a Bentley service center where a technician will inspect and adjust the parts free of charge. Concerned owners may contact Bentley customer service at 1-800-777-6923. Bentley's number for the recall is RE16/32. If you own one: Sit tight, or as tightly as you can on your loose seat. Your Bentayga hasn't been on the road long enough for the parts to work themselves free. Wait for Bentley to issue you the recall, then go take your quarter-million-dollar SUV to your local dealer. Ask nicely, and Bentley will probably come pick it up. Related Video: Recalls Bentley Ownership Safety SUV Luxury bentley bentayga