Audi Predicts Tough Times in Europe and China image

Audi Chairman Rupert Stadler declared that the company face a rough time due to the fall of the global economic environment.

Audi, owned by Volkswagen, expects from now on weaker sales in China and Europe, after extremely good sales in the first half of the year. In China Audi sold 20.4% more cars in June compared to last year, but it is a decrease from the 44.2% growth reached in May. In the first six months of 2012 Audi sold 193,871 units in China, up 37.8%. In Europe, from January to May Audi sold 1.58 million units, up 1.5%.

“Our worldwide deliveries have risen further, particularly in Central and Eastern Europe, North America and the Asia-Pacific region. Despite this generally positive trend we continue to focus very closely on the growing uncertainties in the Eurozone,” Group Board Member for Sales Christian Klingler cautioned in June.

The company already focuses on the Chinese market, investing in its plant in Changchu and planning to build another one in Foshan in 2014 with a local joint venture partner. Although Audi doesn’t seem too certain about the Chinese and the European market, it expects a strong growth in the US and even Russia, which will become one of the most important car markets in Europe.