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Annual Press Conference of AUDI AG 2018
On the occasion of its Annual Press Conference on March 15, 2018 in Ingolstadt, AUDI AG presented the key figures for the year 2017 and provided an outlook for the year 2017. The press conference was live-streamed. Following the speeches of the Board Members, Audi broadcasted the Q&A session.
Audi achieves robust performance in a challenging financial year 2017 and accelerates business transformationThe Audi Group increased its revenue and earnings under difficult conditions in 2017. For the first time, revenue surpassed the mark of €60 billion, thus more than doubling over the past eight years. With an operating profit of €5.1 billion before special items, the corresponding operating return on sales of 8.4 percent is within the target corridor. With the inclusion of business in China, which is presented under financial result, the operating margin would be one percentage point higher. As a result of updated measurement assumptions for the settlement agreements relating to the V6 3.0 TDI diesel issue in North America, Audi recognized additional provisions of €387 million in 2017. After these special items, operating profit amounted to €4.7 billion and the operating return on sales was 7.8 percent. In 2018, Audi will launch more new models than ever before and will enter the age of electric mobility. In view of the ambitious management of multiple model launches and phase-outs, the company anticipates another challenging year, before the model initiative should have a sustained positive impact on deliveries and earnings from 2019 onwards. Audi is investing massively in the future and is applying a comprehensive program of measures to pave the way for the profitable restructuring of its business model in line with the “Audi. Vorsprung. 2025” strategy.
In a challenging fiscal 2019, the company is optimizing processes and implementing extensive structural reforms. Another focal point is the corporate culture, a new culture of integrity and openness. Audi is investing roughly 14 billion euros by 2023 as part of a strategic alignment on the future fields of electric mobility, digitalization and autonomous driving. The company is taking a targeted and focused approach to e-mobility. Audi will launch 12 electrified models by the end of 2020: five fully electric models and seven plug-in hybrids.
Audi has been building cars at the Ingolstadt site for more than 70 years. This is where AUDI AG has its headquarters and where 44,458 employees (as of December 31, 2019) work to achieve “Vorsprung durch Technik.” From initial idea to finished automobile, the entire production process for the Audi Q2, Audi A3, Audi A4, and Audi A5 models along with their derivatives takes place at the Ingolstadt plant. The Audi Ingolstadt site continues to develop into a networked digital factory. Modern production systems and high-tech solutions enable highly efficient, sustainable manufacturing. Step by step, the plant is getting ready for electric mobility, with measures to increase flexibility laying the foundation for the models of the future. * The fuel consumption and CO2 emissions of all the models named above and available on the German market are listed in the last chapter of this basic information.
Automobiles have been built for over 100 years at the Audi site in Neckarsulm. Driven by innovative ideas, passion and perfection, this site has transformed from a factory for knitting machines to a modern automobile production plant. AUDI AG is one of the largest employers in the Heilbronn-Franken economic region, where 16,935 employees (as of: December 31, 2019) are working for the mobility of the future.
Launch into the future: Audi Brussels began production of the first fully electric SUV from the brand with the four rings in fall 2018. Series production of the Audi e-tron Sportback began in early 2020. Furthermore, the plant in Brussels is the first volume production in the premium segment worldwide to be certified as CO2-neutral by independent assessors. The fuel consumption and CO2 emissions of all the models named above and available on the German market are listed in the last chapter of this basic information.
Audi has been active in China since 1988 and has been the leader in the country’s premium segment for most of the time. AUDI AG is represented in China by a joint venture (FAW- Volkswagen), where Audi has a minority share in, and a one‑hundred‑percent subsidiary, Audi China in Beijing.
The ramp-up of the Audi México plant is complete. 173,734 locally produced Audi Q5* units came off the production line at the San José Chiapa site in 2018. The premium SUV has already won numerous accolades, including the “Golden Steering Wheel,” a prestigious German automotive award, in the “Large SUV” category. After just one year, the fledgling Audi plant is already one of the country’s most attractive employers – the latest ranking by Universum Global puts Audi México in fourth place, for example. The site shows its commitment to the region by being involved in numerous local projects. The economy of the entire region benefits from this development.
Founded in 1926, Ducati now builds racing-inspired motorcycles characterised by performance engines with desmodromic distribution, innovative design, and avant-garde technology. The company produces a range of premium motorcycles with technical and design features that covers the main market segments with the following model families: Diavel, XDiavel, Hypermotard, Monster, Multistrada, Panigale, Streetfighter and SuperSport. Ducati’s main factory site and headquarters is located in the Borgo Panigale area of Bologna, Italy, with an additional assembly factory in the Rayong Province of Thailand and a CKD provider in Manaus, Brazil. In 2019, Ducati delivered 53,183 bikes to customers all over the world.
Since 1968, Italdesign has been operating in the automotive industry as a service company specialized in Design, Engineering and Prototyping serving OEMs worldwide. The company has broadened its competences, services, operational areas and number of employees over the years. Today, Italdesign is a turnkey-project service provider and a reliable development partner able to offer integrated services and assist carmakers in the whole development of future vehicles. Part of the Volkswagen Group since 2010, headquartered in Moncalieri (Turin, Italy), employing 1,000 people in Italy and abroad, Italdesign never changed its mission of being a major player in the mobility world and of influencing market changes with new and innovative designs as well as technologies.
In February the brand with the Four Rings handed over around 130,950 premium automobiles worldwide, up 4.6 percent year-on-year. China (+22.4%) and North America (+13.1%) once again substantially boosted sales. With the new Audi A6 which just was unveiled at the Geneva Motor Show, Audi is entering the next phase of the model initiative. Worldwide the Audi Q5 (+26.8%) and Audi’s latest SUV, the Q2 (+38.9%) substantially drove demand. All the Q models account for 37 percent of Audi’s global sales.
Audi is ensuring that its employees participate in the company’s success: A skilled worker at AUDI AG will receive a profit-sharing bonus of €4,770 for the 2017 financial year. The amount for this group of employees last year was €3,150. The company will pay out the bonuses to the eligible employees in Germany paid according to wage-bargaining agreements with the wages for May.
Automobili Lamborghini S.p.A.
Audi e-tron Sportback
Audi in China
Audi Site Martorell
Annual press conference 2018
AUDI HUNGARIA Zrt.
Audi site Ingolstadt (aerial photograph)
The Audi Forum Ingolstadt
Audi site Neckarsulm
Headquarters of Ducati
Audi México: aerial view
Audi SQ7 TDI
Audi at Aurangabad site
Audi at Bratislava site
Audi production in Brazil
Audi site Ingolstadt