Volkswagen AG’s Audi division, the world’s second-largest maker of luxury cars, plans this year to further narrow the gap to market leader Bayerische Motoren Werke AG and keep Daimler AG’s Mercedes-Benz at bay.
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.
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.
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.
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.
AT&T Inc., looking to fuel growth by expanding into the auto industry, is introducing a package of services and products that will let carmakers run diagnostics, sell applications and bill consumers wirelessly.
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.
Bayerische Motoren Werke AG, Audi and Mercedes-Benz are targeting at least a fourth consecutive year of record sales in 2014 as new compacts tighten the race among the German rivals for the luxury-car industry’s lead.
Volkswagen AG’s Audi unit, the world’s second-biggest maker of luxury cars, plans to spend 22 billion euros ($30.3 billion) through 2018 developing new models and expanding production to gain the premium segment’s top spot.