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Audi eyes China, U.S. for growth

Audi AG on Friday reported its first-half net profit nearly doubled and said it is looking for strong growth in China and the U.S., with plans to boost sales to record levels in both countries this year.

“We want to significantly exceed the record year of 2008, with [global] deliveries of over 1,080,000 vehicles in 2010,” said Audi sales chief Peter Schwarzenbauer during a conference call, although he shied away from predicting sales of 1.1 million, citing uncertainties in several markets related to sovereign debt concerns.

[Wall Street Journal]