Audi no longer sole cash generator for Volkswagen


MUNICH, July 30 (Reuters) - Volkswagen is no longer entirely dependent on its premium brand Audi to generate the cash needed to finance an ambitious growth strategy that includes acquiring the Porsche sports car business. First-half figures from the Ingolstadt-based carmaker published on Friday revealed that Audi's net cash increased to 11.80 billion euros ($15.4 billion) at the end of June -- an 11 percent increase over the year-ago figure. This is substantially below the 17.5 billion ...

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