Operating profit falls by 29% at Audi AG

Source: Agencies | April 28, 2009, Tuesday |

Print Edition

GERMAN luxury car maker Audi AG said yesterday that its first-quarter operating profit fell by 29 percent as the global economic crisis ate into sales.

Audi said its operating, or pre-tax, profit was down to 363 million euros (US$479 million) in the January-March period compared to 514 million euros from a year earlier.

Audi, a subsidiary of Volkswagen AG, Europe's largest car maker, did not immediately report net profit.

Sales for the quarter were down 19 percent to 6.7 billion euros from the previous year's 8.3 billion euros.

Audi said it expected the rest of 2009 to remain difficult due to the downturn.

Auto

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Operating profit falls by 29% at Audi AG

Email this to your friend