VW’s Audi expects new model expenses to hit fourth quarter

Volkswagen’s luxury division Audi stated growing expenses for upcoming model launches will weigh on fourth-quarter revenues after third-quarter earnings and profits edged up due to growing auto sales.

“With this we are well prepared for a demanding fourth quarter where advance payments for our forthcoming model offensive will end up being more highly obvious,” Audi stated on Monday.

The automaker stated it continues to anticipate an operating return on sales of between 8 and 10 percent this year, forecasting model sales and income to a little go beyond year-earlier levels.