UPDATE 2-Audi to exceed mid-term margin target on China demand

Newswire

* Audi to sell more than 1 mln cars in 2010 * China growth is in double digits * Audi CFO says earnings to grow faster than revenue in 2010 * Audi pretax profit target of 8 pct is the minimum -CFO (Adds details, background) BERLIN, June 22 (Reuters) - Volkswagen's Audi unit will overtake its mid-term margin target and is set to sell more than 1 million cars this year as demand in China for its premium cars surges. Audi's finance chief, Axel Strotbek, urged investors not to ...

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