Audi Sales Hit Record In 2016, Despite Losing Ground To Rivals
Berlin: German luxury-car brand Audi said its deliveries rose to a new record last year despite the diesel emissions scandal, although that would likely not be enough to save it from dropping into third place behind luxury rivals Mercedes-Benz and BMW in global sales rankings.
The key contributor to Volkswagen group profit increased sales of luxury cars and sport-utility vehicles to 1.87 million units from 1.80 million in 2015, a spokesman said on Saturday.
Ingolstadt-based Audi raised deliveries by 4 percent in the United States where VW's emissions test-cheating scandal broke in 2015 and reported 6.4 percent more sales in Britain, its No. 2 European market, the spokesman said, confirming figures first reported by German daily newspaper Die Welt in its Saturday edition.
Audi is due to publish official figures for December on Monday, same as parent VW. They are expected to show it has dropped into third place from second in terms of global luxury car brands.
The luxury-car maker may start selling diesel vehicles again in the U.S. after deliveries were banned in the wake of the emissions manipulations, though a decision hasn't been taken yet, Die Welt quoted sales chief Dietmar Voggenreiter as saying in an interview.
By contrast, VW's namesake brand plans to drop the technology in the U.S. as it reboots its strategy in the Americas post-dieselgate, brand chief Herbert Diess has said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
