Cost cutting and new models including the Arteon fastback should continue to increase Volkswagen’s main car brand in the 4th quarter after it doubled core incomes in July-September, it stated on Monday. Experts see restoring the Volkswagen brand, which has long struggled with high personnel and development costs, as important to the group’s ability to
Audi will offer more electric car models in China and establish automated driving there, it stated on Tuesday, deepening ties with regional partner FAW Group to face competitors like Mercedes-Benz and BMW in its leading market. Volkswagen’s luxury department and other automakers are under pressure to offer greener vehicles in China as the world’s biggest
Luxury car brand Audi stated its deliveries increased to a new record in 2016 despite the diesel emissions scandal, although that would likely not be enough to save it from dropping into third location behind luxury car competitors Mercedes-Benz and BMW in worldwide sales rankings. The key factor to Volkswagen group profit increased sales of
Audi increased worldwide sales 2.9 percent in August on high demand in its key Chinese market for luxury compact vehicles including the A3 and Q3 models. The Volkswagen-owned department on Tuesday stated that deliveries increased to 132,350 vehicles last month from 128,647 a year earlier, with eight-month sales boost 4.9 percent at 1.23 million. Sales
Audi sold 2.3 percent more cars during the last month on growing need for the redesigned top-selling A4 saloon, though kept tracking behind German high-end competitors, BMW and Mercedes-Benz. Audi’s worldwide sales rose to 149,400 cars and sport-utility vehicles from 146,073 a year previously, the Ingolstadt-based automaker stated on Thursday, with its year-to-date deliveries up
The Chinese market is displaying all the characteristics of a booming market for luxury cars. Statistical data shows that sale of luxury cars is consistently growing in China. Business leaders such as Audi, world-renowned automaker, also corroborate these facts in their sales figures. If we were to go by the sales figures of Audi for
Audi is on the right track of achieving higher sales as it tripled its earnings for the first quarter of the year. Volkswagen AG reports that the operating profit of the division went up by 32% or approximately $632 million. Audi released a statement that their sales increased by 23% or about 8.3 billion Euros.