Audi Reports Record 2008 Profits and Sales, Pays €5,300 Bonus to each Employee
In spite of the widespread financial crisis, the Audi Group reported that it ended the 2008 fiscal year with record-breaking figures for production, vehicle deliveries, revenue and profit. Deliveries of Audi brand vehicles were up 4.1 percent to the record total of 1,003,469 automobiles, revenue for fiscal 2008 also reached a new all-time high of €34,196 million, representing growth of 1.7 percent while profit after tax was €2,207 (1,692) million, a rise of 30.4 percentHowever, it should be noted that 2009 did not begin with the best omens as from January to February 2009, the Audi brand sold 119,600 cars worldwide, a 20.3 percent decrease compared to the prior-year period.
"With our 13th successive deliveries record, 2008 was the most successful fiscal year in the history of our company. We have been steadily improving our productivity in recent years, and the main financial figures for 2008 reflect this. These positive effects make it easier for us to respond appropriately to the crisis," said Rupert Stadler, Chairman of the Board of Management of AUDI AG.
Thanks to the firm's profitability in the 2008FY, Audi will reward the performance of its roughly 43,000 wage-scale employees at its German plants in Ingolstadt and Neckarsulm this year with an average bonus of €5,300 ($6,700) thus maintaining the level of the previous year.
- Audi To Pay Workers Hefty Bonus For 2008, Bmw And Mercedes-benz Say Nein
Among the three premium German automakers, the only company that will share part of its 2008 profits with workers is Audi as BMW and Mercedes-Benz's parent company Daimler decided not to pay a profit-sharing bonus for 2008. Audi AG will hand out €157...
- Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...
- Lamborghini's Profits Surge 27.4% In 2008, Cautious On 2009 Outlook
Helped by its drive to cut costs, VW Group owned Italian supercar Lamborghini managed to report a 27.4 percent increase in pretax profits in 2008 over 2007 despite the fact that its sales remained virtually the same. More specifically, turnover increased...
- Audi's Sales Surpass One Million Car For The First Time Ever
Crisis or no crisis, Audi managed to sell over one million cars in 2008 for the first time in its history. Despite the fact that 2008 was a very difficult year for automakers, VW Group's luxury brand sold 1,003,400 cars worldwide, increasing its sales...
- Audi Announces Best First Half-year Results In Company's History
The German luxury automaker managed to sell more than 516,000 cars to customers worldwide between January and June (2007: 508,842), thus not only representing a gain of 1.4 percent compared with the first six months of 2007, but according to Audi, it’s...