Audi Repeats 8%-10% Profit Margin Goal Despite Higher Costs

Newswire

BERLIN, Nov 4 (Reuters) - Germany's Audi reaffirmed a goal to achieve an operating profit margin "at the upper end" of a 8-10 percent target range this year despite higher spending on models, technology and factories. The Volkswagen-owned luxury division also stood by a goal to increase sales to over 1.5 million cars and sport-utility vehicles this year which would be a new record. "We are making high upfront expenditures and investments now and in upcoming years in ...

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