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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:

Lamborghini Aventador LP 750-4 SV Roadster drops its top at the Quail

The highly anticipated droptop version of the Lamborghini Aventador LP 570-4 SuperVeloce is here, debuting Friday at the Quail Motorsports Gathering as part of Monterey Car Week. The story here is pretty simple – take one Aventador SV and remove the roof – but the end result is a highly exclusive, truly outstanding supercar. "The Roadster version represents our commitment to satisfying our passionate clients with immensely emotional driving dynamics combined with an extraordinary open air experience," says Lamborghini boss Stephan Winkelmann. For the SuperVeloce, output is 6.5-liter V12 is increased to 750 horsepower, and dry weight is reduced 110 pounds, to 3,472, compared to the standard Aventador LP 700-4 Roadster. Hitting 60 miles per hour takes less than three seconds, and the roadster will top out at over 217 mph. Removing the roof is the same as the non-SV Roadster. There are two roof panels, each weighing 13 pounds, that stow nicely inside the luggage compartment. The power rear window goes down, as well, to let in all that awesome V12 Lambo growl. Only 500 examples of the Aventador SV Roadster will be made. The first cars will be delivered early next year, retailing for $530,075 in the United States. Of course, if you have the means, then by all means. Related Video: Lamborghini Aventador LP 750-4 Superveloce Roadster makes global debut in California, USA Sant'Agata Bolognese/Carmel, Calif. 14th August 2015 -- Automobili Lamborghini unveils the new Lamborghini Aventador LP 750-4 Superveloce Roadster in occasion of the Monterey Car week in California. The Roadster, presented at the famous event 'The Quail, A Motorsports Gathering', is available in a limited series of 500 units worldwide and is the first series- produced, open-top Lamborghini to bear the name Superveloce. ''The Superveloce is the purest, most sports-oriented and fastest series production Lamborghini ever. The Roadster version represents our commitment to satisfying our passionate clients with immensely emotional driving dynamics combined with an extraordinary open air experience,'' Stephan Winkelmann, President and CEO of Automobili Lamborghini said during the press conference at The Quail. As a member of Lamborghini's storied Superveloce family, the car offers greater performance with a power increase of 50 hp to 750 hp and a dry weight of 1,575 kg (3,472 lb), that is 50 kg (110 lbs) lighter compared to the Aventador LP 700-4 Roadster.

Lamborghini agrees to produce Urus in Italy

The Lamborghini Urus is apparently on the way, and it looks like it will be built in Italy. The news comes from Bloomberg, which claims Lambo CEO Stephan Winkelmann and Audi CEO Rupert Stadler will be joined by Italian Prime Minister Matteo Renzi on Wednesday to announce a series of tax breaks to bring SUV production to Italy. The report cites multiple "people familiar with the matter." The details of the deal include up to 500 new jobs in exchange for $87 million in tax breaks along with "other benefits," according to Bloomberg. Just over a year ago, it was looking like Urus production was headed for Slovakia, where it'd be built alongside its MLB platform-mates, the Audi Q7, Volkswagen Touareg, and Porsche Cayenne. News of Italy's bid surfaced this spring. We'll be sure to keep an eye out for any official news as it becomes available. Related Video: