Audi Clocks Up Record Year in 2012 

German carmaker Audi, the top-of-the-range subsidiary of European auto giant Volkswagen, sold a record 1.455 million cars worldwide last year, 11.7 percent more than in 2011. 

That meant revenues increased by 10.6 per cent to 48.78 billion euros ($63.4 billion) and operating profit edged up by 0.6 per cent to 5.38 billion euros, both new records, Audi said in a media release. 

"Despite tangible fallout from the debt crisis in a number of countries and a shrinking overall market in Europe, we achieved record levels of output, deliveries, revenues and earnings," said chief executive Rupert Stadler. 

"2012 was a very successful year for us. We surpassed all our goals and Ducati added a very attractive premium brand to our brand portfolio." 

Nevertheless, while operating profit rose, pre-tax profit declined by 1.4 percent to 5.956 billion euros due to increased distribution and marketing costs. 

 

 

 

 

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