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Audi’s Profits Plummet by 91%

Audi has reported another disappointing quarter, with operating profit shrinking by an astonishing 91 percent over the past three months.

The decline is partly due to restructuring efforts, including the upcoming closure of Audi’s factory in Brussels.

The luxury automaker is grappling with heightened competition, limited access to spare parts, and a challenging market environment. Sales of Audi, Bentley, and Lamborghini vehicles dropped by 10.9 percent in the first nine months of the year.

Audi, in particular, is feeling the impact.

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  • 枫下茶话 / 工商经济 / Audi’s Profits Plummet by 91% +2

    Audi has reported another disappointing quarter, with operating profit shrinking by an astonishing 91 percent over the past three months.

    The decline is partly due to restructuring efforts, including the upcoming closure of Audi’s factory in Brussels.

    The luxury automaker is grappling with heightened competition, limited access to spare parts, and a challenging market environment. Sales of Audi, Bentley, and Lamborghini vehicles dropped by 10.9 percent in the first nine months of the year.

    Audi, in particular, is feeling the impact.

    • 不关紧大门还要惨 +1
    • Audi is set to lay off 15% of its workforce. 传统豪华汽车的光环在冰箱彩电大沙发面前不再耀眼,失去这些光环的溢价,豪华汽车只能打价格战。