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Recent Press Releases

  • 131st Annual General Meeting of AUDI AG
    07/31/20
    Company

    Audi Annual General Meeting votes on squeeze-out

    A more efficient division of labor and increased Group synergies – as part of the reorganization of competencies within the Volkswagen Group, today’s Audi Annual General Meeting will also vote on a so-called squeeze-out under stock corporation law. This will result in the transfer all the Audi shares of the remaining shareholders to Volkswagen AG, which already holds 99.64 percent of the share capital of AUDI AG. The Audi Board of Management would like to thank the shareholders for their trust and loyalty. The planned structure is intended to strengthen Audi’s role within the Volkswagen Group and to increase the future competitiveness of the Volkswagen Group.
  • 07/31/20
    Company

    Audi Group in first half of 2020: effects of corona pandemic still very significant

    Results of the first six months: In the first half of this year, deliveries, revenue and operating profit were below the previous year’s figures. As expected, the consequences of the corona pandemic are presenting major challenges for the entire economy and for Audi as well. The second quarter in particular featured an orderly restart of production and a significant recovery in customer demand. A positive trend is evident in car deliveries: At minus 22 percent, Audi is significantly better positioned than the market as a whole with minus 28 percent. As a result, the Audi Group’s revenue in the first half of 2020 totaled €20,476 million and its operating loss before special items was €643 million.
  • 07/16/20
    Models

    Audi e-tron Is World Market Leader in Its Segment

    The Audi e-tron is the worldwide market leader in its segment. The first fully electric series production model from Audi is popular all over the world with customers and media alike. Numerous awards and comparative tests stand testament to this. With the e-tron GT, the Q4 e-tron, and the Q4 Sportback e-tron, Audi is looking toward an electric year 2021 in both senses of the word.
  • 06/24/20
    Company

    AUDI AG announces new date for Annual General Meeting

    The Audi Board of Management has announced that the new date of the 131st Annual General Meeting is July 31, 2020. The originally foreseen date (May 14, 2020) had previously been postponed in connection with the planned transfer of shares from Audi’s minority shareholders to the majority shareholder Volkswagen AG. The agenda includes a resolution on the so-called squeeze-out. Due to the ongoing corona pandemic, the Audi Annual General Meeting will be held as a virtual Annual General Meeting for the protection of shareholders.
  • 03/19/20
    Company

    Financial year 2019: AUDI AG achieves its financial targets and sets a course for long-term competitiveness

    Audi steered a steady course through a challenging 2019 financial year. The car manufacturer systematically reduced its WLTP inventories and achieved slightly higher deliveries for the Audi brand than in the previous year in a highly competitive environment. Revenue of €55.7 billion reflects the high demand for SUVs and top-end models. Operating profit and operating return on sales reached €4.5 billion and 8.1 percent. The Audi Transformation Plan (ATP) contributed €2.5 billion in the 2019 financial year. Significantly strengthened spending and investment discipline are reflected by the improved return on investment (12.7 percent). Audi is pushing ahead with its electrification initiative with numerous electric models this year. The company is intensifying the synergies with the Volkswagen Group now also in software development. Against the backdrop of the spread of the coronavirus and the unclear effects on the economy, the manufacturer sees major challenges in the year 2020 and is focusing on the health of employees worldwide and on the liquidity and stability of the business.

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