Audi CEO Expects Growth In 2012

Audi CEO Expects Growth In 2012

Volkswagen AG isn’t afraid of the euro zone debt crisis. They expect Audi, their premium brand, to continue growing in 2012 according to Audi CEO Rupert Stadler.

Stadler told WirtschaftsWoche “There’s a good chance for further growth next year… Therefore, we will keep investing and not start saving money.”

He also confirmed Audi’s 1.3 million vehicle sales figure, saying they plan to sell 1.5 million by 2015. Audi surpassed Mercedes-Benz in sales this year for the first time in history to become the number 2 luxury car manufacturer. BMW remained the largest, selling more than 1.5 million by December.

Despite the european debt crisis, German luxury cars in general have seen positive growth, largely thanks to growth in other parts of the wold like Russia and China where demand remains strong.

[Source: Automotive News]