Record Turnover for Audi | Business| Economy and finance news from a German perspective | DW | 02.04.2004
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Record Turnover for Audi

Volkswagen's subsidiary, Audi, roared off to a good start this year, chalking up a clear increase in turnover in the first quarter. In the first three months of the year, the company sold 8.3 percent more cars worldwide than in the same period last year. Audi announced on Friday, that with a grand total of 191,000 in sales, they were looking at a first quarter record high. Head of Audi, Martin Winterkorn, said he was very happy with the figures, and he hopes the company will continue in the same vein all year. Germany, which is still Audi's largest market, saw an increase of just 0.6 percent, whilst in Britain Audi sold 13.3 percent more vehicles than this time in 2003. Last year, Audi broke its eighth consecutive record when turnover climbed by 3.7 percent. But with the value of the Euro soaring, their actual profit of some €12 billion ($14.5 billion) shrunk to just €1.11 billion.