Audi’s Profits Fall 6%
Audi AG reports its unit sales rose 4% to a record 1.80 million vehicles in 2015.
#economics
Audi AG reports its unit sales rose 4% to a record 1.80 million vehicles in 2015. Sales in the U.S. topped 200,000 units for the first time. Revenue grew to a record €58.4 billion ($63.9 billion).
The company will pay hourly workers at its factories in Ingolstadt and Neckarsulm average bonuses of €5,420 ($5,900) for their work in 2015, down from €6,540 in 2014.
Audi predicts further sales growth in 2016, aided by the introduction of more than 20 new or updated models.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.