DE) said a fault with airbags installed at premium sportscar maker Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance.
Audi Ireland has reported record sales for the first quarter of this year. The car brand said a total of 2,612 cars were sold in January, February and March, up 17 per cent on the same period last year.
Volkswagen AG (ADR)'s (OTCMKTS:VLKAY) luxury division, Audi, announced Saturday that it had decided to spend almost $29.3 billion (€24 billion) between 2015 and 2019 on planned investments to increase its production and car lineup.
Audi AG expects that electronics and digital features will become just as important as sheer horsepower for global carmakers as they brace for a fundamental industry shift and new competitors and potential allies emerge.
Audi AG is changing its top China executive from Sept. 1 amid slowing growth in its largest market. Dietmar Voggenreiter, who headed the China business since 2007, will be replaced by Joachim Wedler, the company's head of product planning, Audi said in ...