Record Operating Turnover for Audi Group: 1.4 Euro Billion in 3rd Quarter

Audi Group, a German automobile manufacturing company delivered a total of 320,276 vehicles of the marque – an increase in 16.7%. Additionally, Audi created 10.9 billion and record operating turnover of 1.4 billion. From Jan to Sept, Audi Group increased the number of cars by 17.4%. Along with a rise in product sales, the enhanced model mixed amongst other things and increased the Group turnover by 24.6% to 32.4 billion. Audi recorded operating profit of 3.96 billion, which is around 74.4 percent increase. Mr. Axel Strotbek, Board Member for Finance said that after three quarters, they have exceeded operating revenue for the whole of 2010. As per Strotbek, the United States, China and European markets are foundation of strong performance.

From Jan till Sept, Audi Group produced and introduced approximately 551,981 vehicles to the European market, which is 12.3% more as compared to last year. The A1 and A6 models of Audi were responsible for this enormous growth in the market. The rising demand in China is also responsible for the economic development of Audi. The company has decided to produce and market over 300,000 vehicles in China in 2011. The long wheelbase Audi A6 and Audi A4 along with Audi Q5 models are developed locally in Changchun. On the other hand, the proportion of imported models, including Q7 and A8 enhanced considerably. The market launch of A7 Sportback and A1 will boost this trend in the 4th quarter and will further make stronger the leading position of Audi brand.

Record Operating Turnover for Audi Group: 1.4 Euro Billion in 3rd Quarter

Audi Q5 Audi Q6

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