Volkswagen brand revives further as cost cuts, new models boost revenues

Volkswagen logo

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’s August sales increases 2.9 percent on Chinese demand for compact cars

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 […]

Volkswagen’s Audi gains 2.3 percent rise in July sales

Audi A4

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 […]