Volkswagen AG’s Audi brand may make management changes as it prepares to expand in China, Latin America and the U.S., German magazine WirtschaftsWoche reported, citing an interview with Chief Executive Officer Rupert Stadler.
Volkswagen AG’s Audi luxury-car division plans to create 10,000 jobs globally through 2020, Chief Executive Officer Rupert Stadler said today, according to the prepared speech for the company’s shareholder meeting in Neckarsulm, Germany. Audi expects “further growth” beyond 2015, Stadler added.
Audi AG, the world’s second-largest maker of luxury cars, forecast sales in China will increase by about 11 percent this year, driven by rising incomes and expansion into smaller cities in the country.
During an otherwise peaceful family vacation driving along the California coast last August, Audi AG Chief Executive Officer Rupert Stadler was displeased by what he saw -- or more precisely, didn’t see -- on the streets of America’s most affluent neighborhoods.
Audi AG is targeting an increase in revenue and deliveries this year on demand for its expanding SUV lineup and new A3 derivatives as the world’s second-biggest maker of luxury vehicles seeks to nab the top spot from Bayerische Motoren Werke AG by the end of the decade.
Audi AG, the world’s second-biggest maker of luxury cars, completed the 860 million-euro ($1.06 billion) purchase of motorcycle maker Ducati Motor Holding SpA and named Chief Executive Officer Rupert Stadler to the board.