• Audi 1Q deliveries grow 6.8% in US, Asia, gloomy Europe

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    DESPITE the deteriorating economic climate in a number of European countries, Audi said it enjoyed a successful opening quarter with 369,494 deliveries to customers worldwide and revenues of $15.24 billion in the first three months of 2013—nearly matching the previous year’s record revenue level.

    Audi said its sales grew 6.8 percent on account of last year’s 346,105-vehicle tally for the same period. The carmaker cited growth in Europe, Asia and North America for its
    performance.

    “Despite the difficult economic environment and our substantial advance payments, we have achieved an operating return on sales of 11.1 percent,” said Axel Strotbek, Audi AG board member for finance and organization. He added that Audi plans on “spending a substantial amount on new products and technologies throughout 2013.”

    Strotbek bared the brand will also expand its worldwide production network to pave the
    way for further growth.

    Audi said that models that contributed to its growth included the new A3, the A1 Sportback and the A4 line, as well as the Q3 and Q5 SUVs.

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