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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:

Mansory unveils 1,600-hp Carbonado GT under a carbon fiber panda body

European tuners show up at the Geneva Motor Show in spades to display their very expensive wares in hopes of finding a handful of buyers. The only way to set your company apart is to make cars that are increasingly extreme. Mansory is no different, and to keep up with competitors it has brought the 1,600-horsepower Carbonado GT to Switzerland.
The GT starts life as a Lamborghini Aventador LP700-4, but practically every body panel is replaced with new carbon fiber pieces. It doesn't hide it either with the entire center portion of the car finished in clear-coated carbon. The biggest changes include fenders that are 1.6-inches wider at the front and 2.0-inches wider in the rear, and even the wheels have carbon inlays.
To make sure the Carbonado GT has the power to back up its hardcore looks, Mansory has fitted the Aventador's 6.5-liter V12 with two turbochargers to produce the aforementioned 1,600 hp and torque electronically limited to 855 pound-feet. The powertrain is upgraded to take the boost with pistons, connecting rods, rod bearings, crankshaft and cylinder head being replaced with high-performance units. Mansory claims the highly modified engine gets the GT to 62 miles per hour in 2.1 seconds and to a top speed of 230 mph.

Teen Who Stole Guy Fieri's Lamborghini Receives Life Sentence

A California man received a life sentence with possibility of parole Thursday for attempted murder and the theft of celebrity chef Guy Fieri's Lamborghini. Max Wade was only 16 when he stole the $200,000 super car owned by Fieri, the Food Network star. In a carefully planned heist inspired by too many secret-agent movies, Wade repelled from the rooftop window of a San Francisco garage and stole the Lambo on March 8, 2011, according to The San Francisco Chronicle. Later, the newspaper says, Wade texted a friend that "it doesn't get any better than boosting a lambo and picking up chicks at 17." Among them was Eva Dedier, 18. After Wade flirted with her, Dedier told him she was seeing another man, Landon Wahlstrom. On April 13, 2012, Wade fired five shots into Wahlstrom's pickup truck as the couple occupied the vehicle. Wade was tried as an adult and convicted on Oct. 30, 2013. In addition to the life sentence, the judge added 21 years and four months for the premeditated use of a firearm. Wade will be eligible for parole in no less than 17 years. Lamborghini Safety murder guy fieri