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Recent Press Releases

  • 130th Annual General Meeting of AUDI AG
    05/23/19
    Company

    “Consistently Audi”: Board of Management presents corporate realignment to shareholders

    Audi will become a provider of holistic CO2-neutral premium mobility, with the aim of assuming a leading role among its competitors. The manufacturer is therefore accelerating its electrification roadmap and company-wide decarbonization. By 2025, the vehicle fleet’s CO2 footprint is to be reduced as a first step by 30 percent over its entire lifecycle compared with 2015. In the future, return on investment as a key financial steering parameter will also reflect the CO2 performance of the Four Rings and is to rise to more than 21 percent through sustainable management. The Board of Management is presenting the realignment at the 130th Annual General Meeting in Neckarsulm and providing information on current business developments. While Audi is mastering a challenging year 2019 with substantial operationally adverse factors, the premium manufacturer is pressing ahead with its transformation and aims for a significant increase in corporate value in the long term. The Four Rings will focus strictly on customer-relevant innovations, will further develop its business model profitably and will realize synergies within the Volkswagen Group and in external partnerships. The guiding principle of the far-reaching transformation is “Consistently Audi.”
  • 05/03/19
    Company

    AUDI AG: first quarter of 2019 still affected by adverse factors

    As expected, the Audi Group has embarked upon a very challenging financial year 2019. First-quarter revenue and operating profit decreased compared with the high levels of the previous year. At 8.0 percent, the operating return on sales was within the range of 7 to 8.5 percent that had been forecast for 2019, but was below the long-term target corridor of 9 to 11 percent. Adverse factors in the current financial year are primarily due to the repercussions of the WLTP changeover, the transition to new generations of numerous models and the difficult economic environment. In 2019, Audi is entering the era of electric mobility and will continue to make high advance expenditure in future-oriented fields in the coming years. With its strategic realignment, the Audi Group therefore aims to achieve sustained growth in productivity and profitability.
  • 03/14/19
    Company

    After significant adverse factors in 2018 financial year: Audi accelerates its realignment

    Audi restart: Against the background of the transformation of the automotive industry, the Four Rings want to make use of available potential with a new, focused strategy. Audi is thus also drawing conclusions from its unsatisfactory performance in 2018. Impacted primarily by the changeover to WLTP, operating profit before special items amounted to €4.7 billion. The corresponding return on sales was 7.9 percent and thus not within the target corridor. With the inclusion of negative special items of €1.2 billion from the diesel crisis, operating profit amounted to €3.5 billion, equivalent to a return on sales of 6.0 percent. With the successful Audi Transformation Plan, the premium manufacturer was able to offset some of the high financial burdens. In the context of deconsolidating multi-brand import companies at the beginning of 2019, the company increased its long-term strategic target corridor for operating return on sales to nine to eleven percent. The current financial year will be dominated by Audi’s electrification initiative. Due to numerous challenges, 2019 is expected to be a transition year for the company with an operating return on sales forecasted at between 7.0 and 8.5 percent, which is still below the new long-term target corridor. Deliveries of the brand with the Four Rings are expected to increase moderately. The company anticipates financial burdens above all from managing the WLTP transition, high ramp-up costs, enormous advance expenditure for electric mobility and the increasingly difficult macroeconomic environment.
  • 03/14/19
    Company

    Audi delivered around 119,800 premium cars in February

    The brand with the four rings delivered around 119,800 cars to customers worldwide in February, 8.5 percent less than in the same record-breaking month in 2018. Deliveries increased slightly in China (+1.8%). North America (-14.3%) and Europe ( 12.8%) saw deliveries fall. Cumulative deliveries across all markets in the first two months were down 5.5 percent (around 264,500 units). Audi’s new full-size models, such as the Audi A8 (+30.2%), did particularly well worldwide in February.
  • 03/13/19
    Company

    Automobili Lamborghini reaches record highs in all key business figures 2018

    In Fiscal Year 2018 (1 Jan - 31 Dec), Automobili Lamborghini S.p.A. achieved a new all-time high in all key business figures: sales, turnover and profitability achieved levels unprecedented in the 55-year history of the brand.

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