U.S. News

Audi Says November Global Sales Up 8.1%

Audi AG, the luxury car maker owned by Volkswagen AG, said Thursday that its global sales rose more than 8 percent in November from a year earlier and predicted it would sell some 900,000 cars by the end of the year.

The Ingolstadt-based maker of models including the A3, TT and A6 said it sold 75,250 cars last month. In the first nine months of the year, the company said it sold 833,000 worldwide, up 8.7 percent from the same time last year.

If sales continue on their expected pace, Audi said it expects to sell 900,000 cars by the end of the year.

"Audi is close to achieving a new record result for 2006 as a whole," said Ralph Weyler, the Audi board member responsible for marketing and sales.

"This year, we will sell 900,000 vehicles worldwide," he said.

On Tuesday, Audi said that its chief financial officer Rupert Stadler would take over as chief executive on Jan. 1.

Stadler will replace Martin Winterkorn, who last month was named chief executive of Wolfsburg-based Volkswagen after the announcement that Bernd Pischetsrieder would step down. Audi said Stadler would continue as its CFO.

Audi shares were up 0.2 percent to $622.55 in Frankfurt trading.


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