World News: Record profits for Audi Group for first 9 months
Audi has shrugged off the effects of the global economic crisis and again posted a clear operating profit of EUR 348 million in the third quarter of the current fiscal year (2008: EUR 760 million).
Over the first three quarters of the current fiscal year, Audi has thus achieved an operating return of 5.4 percent (2008: 8.0 percent), making it one of the top performers in the industry.
A significant portion of capital expenditure is being pumped into the company’s efficiency drive. For instance, Audi is currently investing significant amounts in expanding its expertise in electric mobility. One of the fruits of these efforts is the all-electric e-tron sports car that was first shown at the Frankfurt Auto Show IAA in September and is set for market launch in 2012 as a low-volume model. Audi has set up the e-performance work group to furtherpromote the topic of electric drive. To bolster its expertise in this field, the brand with the four rings is currently looking to recruit 100 additional engineers.
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