Audi stands by goal to match 2011 operating profit


BERLIN, July 31 (Reuters) - Volkswagen's luxury division Audi reaffirmed a goal to match last year's record operating profit of 5.35 billion euros ($6.55 billion) this year, unless economic conditions deteriorate further. "Provided that economic framework conditions do not deteriorate further, we expect to match last year's level of operating profit despite higher costs for new products, technologies and plant expansion," Chief Financial Officer Axel Strotbek said in a ...

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