A third less sales: Audi slips into the red

The long closure of the car plants and car dealers as well as the burglary of customer's demand to let the Audi is deep in the red slip. The VW subsidiary sold

A third less sales: Audi slips into the red

The long closure of the car plants and car dealers as well as the burglary of customer's demand to let the Audi is deep in the red slip. The VW subsidiary sold in the first half of the year worldwide, 22 percent fewer cars, and sales fell by 29 percent to 20.5 billion euros, the operating loss amounted to 750 million euros. In the first half of the previous year, Audi manages 2.3 billion euros to the operating profit of the Volkswagen group beige.

The second quarter was marked by the restart of the production. But "despite initial positive signals from the markets in the year 2020 remains extremely challenging," said CFO Arno face on Friday in Ingolstadt.

For the full year, Audi is expecting a globally lower demand than in the previous year, significantly less sales and a positive, but significantly lower result.

Updated Date: 31 July 2020, 09:20

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