The Car and Truck Fleet and Leasing Management Magazine

VW's Audi Sticks with Growth Forecasts Amid Economic Concerns

February 15, 2008

AUBURN HILLS, MI – Audi AG, Volkswagen AG's luxury brand, said it's sticking with sales-growth forecasts made earlier this month before global stock markets plunged amid concern that the world economy may slow, according to Bloomberg.

“The situation that we are experiencing at the moment is naturally a bit shocking,” Rupert Stadler, CEO of Audi, said in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland. “But we are confident that we will increase our sales this year.”

Stadler is targeting sales of 1 million vehicles for the first time this year, a 3.7-percent gain over 2007's record. The CEO said Jan. 13 that Audi will post record revenue and profit for 2007. It reports results in March.

 

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

Terminology used in the United States and Canada to denote a financing type lease which is required to be "capitalized," i.e., the leased equipment must be recorded on the Lessee's balance sheet as assets with corresponding liabilities.

Read more

Lifecycle Costs Analyzer

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Up Next

More From The World's Largest Fleet Publisher