Audi AG, the world’s second-largest maker of luxury cars, said March sales surged 15 percent, joining Mercedes-Benz in posting the best single month ever for deliveries because of rising demand in China.
Volkswagen AG, Europe’s largest automaker, will add a compact sport-utility vehicle to the Seat division’s lineup in 2016 to win new customers and accelerate a turnaround at the German parent’s only unprofitable unit.
Porsche Automobil Holding SE scored a victory in its battle against investors seeking a total of 5 billion euros ($7 billion) over claims the German carmaker lied during its failed bid to takeover Volkswagen AG in 2008.
Audi AG’s original TT won acclaim in 1998 for a sexy design that marked a departure from its styling at the time. Fifteen years later, Audi is counting on a remake of the iconic coupe to generate similar buzz.