Audi plans to sell 1 million vehicles worldwide in 2008, and by the looks of its 2007 books, the Volkswagen -owned automaker is well on its way. Audi released its 2007 results on Tuesday, and posted an impressive 26 percent gain in profits when compared to 2006.
Moreover, Audi’s sales rose by 7.9 percent worldwide — including a 3.8 percent increase in the U.S. — boosting earning to 1.7 billion euros ($2.6 billion), a 400 million euro increase over last year. 2007 also marked the 12th consecutive year of record vehicle sales.
While Audi sales in its home market of Germany slipped by 1.5 percent, sales in emerging markets such as China were strong, posting an increase of 24.8 percent. Sales in Western Europe as a whole grew slightly, up 3 percent from 2006.
Overall, Audi sold 964,151 cars in 2007, up from 2006′s total of 905,188.
Audi also recognized its employees’ role in its success, doling out bonuses of nearly $8,200 per worker — about $343 million in total.
