Press Release On track: Audi Group achieves breakeven thanks to strong third quarter


Official announcements and statements from automakers, including vehicle launches, pricing, recalls, technology updates, partnerships, motorsports, and company news.
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A noticeable recovery in the markets and a stabilization of business operations: After a very challenging first half of the year against the backdrop of the corona pandemic, the Audi Group is now catching up operationally and financially. Deliveries and revenue in the third quarter were both higher than in the prior-year period and operating profit is clearly positive. On a cumulative basis, the company has achieved breakeven in terms of operating profit and confirmed its ability to generate cash.

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Audi

Audi AG is a German automotive manufacturer of luxury vehicles headquartered in Ingolstadt, Bavaria, Germany. A subsidiary of the Volkswagen Group, the company’s origins date back to the early 20th century and the initial enterprises (Horch and the Audiwerke) founded by engineer August Horch (1868–1951). Two other manufacturers (DKW and Wanderer) also contributed to the foundation of Auto Union in 1932. The modern Audi era began in the 1960s, when Volkswagen acquired Auto Union from Daimler-Benz, and merged it with NSU Motorenwerke in 1969.
Official website: Audi (Global), Audi (USA)

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