Audi lowers full-year forecast as sales in China weaken and US tariffs bite

Published:

Audi lowers full-year forecast as sales in China weaken and US tariffs bite
Photo: Virginia Mayo/AP/TT

In connection with the company's presentation of half-year figures, Audi also announced that it expects both lower sales and profit margins than previously communicated to the market. The forecast is based on weaker sales in the Chinese market, as well as US trade tariffs that are hitting the carmaker.

Last week, rival Volkswagen also announced that it was lowering its revenue forecast. Later this week, Mercedes-Benz and BMW will also release interim figures.

Loading related articles...

Tags

Author

TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

Keep reading

Loading related posts...