Log in to your IBTimes Account

close
ID
Password
  • Set your IBTimes.com Edition

Audi raises 2009 vehicle sales expectations-paper



06 November 2009 @ 09:31 am ET

FRANKFURT - Volkswagen's premium brand Audi expects its vehicle sales to fall less than previously thought to over 920,000 vehicles this year, Audi sales chief Peter Schwarzenbauer told a German newspaper.



The new Audi R8 spider convertible sports car of German car manufacturer Audi is revealed during the media day at the international car show "IAA" in Frankfurt, September 15, 2009. (REUTERS / Ralph Orlowski)
1 of 1

Related Topic

Get stories by e-mail on this topic.

  • Audi raises 2009 vehicle sales expectations | RSS
  • paper | RSS
E-mail:

"The contraction amounts then to eight percent instead of the 10 percent forecast at the beginning of the year," he said in an interview with the Frankfurter Rundschau published on Friday, raising guidance given only last week.

Audi had said last Friday that sales would exceed 900,000 vehicles, a drop of about 10 percent from its record volume of 1.0 million sold last year that will snap its streak of 13 consecutive annual gains.

For 2010, Schwarzenbauer expects a return to growth, thanks in part to strong sales gains in the U.S. and Chinese markets, the relaunch of the A8 and the rollout of two new models, the A7 and the A1.

"We will however only reach the 2008 volume of 1 million vehicles again in two to three years' time, from today's point of view, realistically speaking," he added.

Schwarzenbauer reaffirmed he expects to significantly exceed his target to sell 200,000 vehicles in China in 2015.

"We now expect to be able to sell roughly 250,000 vehicles already in 2013," he explained.

Speaking briefly about GM's shock decision to reverse a sale of a majority stake in its Opel unit to Magna at the last minute following months of negotiations, Schwarzenbauer said the worst thing for sales is for customers to not know for an entire year what will happen to a brand. (Reporting by Christiaan Hetzner)

Copyright 2009 Thomson Reuters. All rights reserved.

    Click!
  • Rate this article:

Comments

Post Your Comment

*Name


advertisement
More Industries
A U.S. appeals court on Monday reinstated an Alaska lawsuit against Altria Group Inc's Philip Morris USA by the survivor of a deceased smoker, saying her...
Fertilizer maker CF Industries Holdings Inc said on Monday it has acquired a 7 percent stake in Terra Industries Inc in its latest move to buy the compan...
Filene's Basement has asked a federal judge to sign off on a deal that the bankrupt department store chain said would eliminate about $70 million in clai...

advertisement
Advertisement
POS Magnetic Card Readers

Online distributor for point of sale equipment, TYSSO and Pegasus.

 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives