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Audi’s 2011 profit up 60%, thanks to China

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Audi, which outsold Mercedes Benz for the first time last year to become the world’s second largest luxury carmaker by selling more than 1.3 million cars, bets on China, which is now its largest market ahead of Germany.

Operating profit surged 60 percent to 5.35 billion euros ($7.14 billion) last year from 3.34 billion euros in 2010, the Volkswagen AG brand said on Thursday in Ingolstadt, Germany. Revenue rose 24 percent to 44.1 billion euros, boosted by a 37 percent gain in deliveries in China, its largest market. Audi expects sales in China to grow at double-digit percentage rates this year.

Audi got a lot coming in China: the new A6L is ready to roll, Audi will launch the sporty RS-range, the 5-door A1 will arrive within months, the Q3 SUV is on its way and the facelifted A4L will hit the market soon. ‘Double-digit’ shouldn’t be a problem…

Via: EconomicTimes, ChinaDaily.

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