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Audi Group blazes ahead in its path of global economic growth

connoisseur June 1, 2014 0
Audi Group blazes ahead in its path of global economic growth

At the 125th Annual General Meeting of AUDI AG, the company informed its shareholders about all the key metrics of the past financial year and the strong performance of the brand. Rupert Stadler, Chairman of the Board of Management of AUDI AG emphasized in his speech that “We are tackling our tasks with a highly motivated team, with the clear ambition to be the number one.”

Audi will invest approximately €22 billion in new models and technologies and in the expansion of its international manufacturing structures by 2018. The company has set aside 70 percent of the biggest investment program in its history for the expansion and modernization of its model range and its technology and innovation portfolio.

Axel Strotbek, Member of the Board of Management for Finance and Organization says “Despite intensive advance expenditure for the future of our company, we intend to achieve an operating return on sales within our strategic target corridor of eight to ten percent.”

Trevor Hill of Audi Middle East also commented on the performance in the region saying “We’ve seen a strong growth in the automotive sector here in the Middle East and in 2013, Audi Middle East had a record year with sales of over 10,600 and a 16.3% growth, which was a phenomenal achievement, especially in the premium sector. We anticipate further growth in 2014 to over 12,000 cars.”

Thomas Sigi, Member of the Board of Management for Human Resources says “Audi’s international growth path will create new jobs also in Germany,”

In the year to date, the company has already delivered more than 560,000 automobiles to its customers. This year alone, the premium brand intends to launch 17 new models and derivatives on the market.

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