Audi Expects Lower Full Year Sales in 2020 Despite Strong Third Quarter Results
By Reuters
October 12, 2020
•1 min read
Image: Audi Q3. Source: Audi.
FRANKFURT (Reuters) – Markus Duesmann, Audi’s Chairman of the Board of Management, expects lower sales in 2020 despite strong numbers in the months of July, August and September, according to the industry newspaper Automobilwoche on Sunday.
“We will not be able to compensate worldwide the heavy losses of the months of April and May in the full year, despite our distributors doing a really good job,” Duesmann said.
September had been the best month of the year across global operations for the premium car brand.
China was looking especially outstanding so that Duesmann believed it will end up showing a slight sales plus in 2020.
Reporting by Vera Eckert, editing by Elaine Hardcastle.
_____
Source: Reuters
Trending Now
2
Investing Strategies
3
Investing Strategies
Read Next
Economic
Graduation rates for low-income students lag while their loan debt soars
The Conversation
Apr 18, 2024
Social
$30 trillion in U.S. wealth will transfer to younger women in the next 10 years
Steve Kerch
Apr 18, 2024
Private Investments
The Impact: Focusing private wealth on impact investing
Jeff Gitterman
Apr 17, 2024
Environment
Corporate climate plans are improving, but still ‘critically insufficient’
Grist
Apr 17, 2024
Education
Personalized cancer therapy can lead to faster treatments, better outcomes
The Conversation
Apr 16, 2024
Economic
GreenMoney: Investing in the future of water and sanitation
Green Money
Apr 16, 2024
The Latest
Economic
Graduation rates for low-income students lag while their loan debt soars
Apr 18, 2024
Social
$30 trillion in U.S. wealth will transfer to younger women in the next 10 years
Apr 18, 2024
Private Investments
The Impact: Focusing private wealth on impact investing
Apr 17, 2024
Environment
Corporate climate plans are improving, but still ‘critically insufficient’
Apr 17, 2024