Audi EV Margins Will Take Longer Than Expected to Match Gas-Burning Cars, Handelsblatt Reports
15 12월 2023 - 12:49AM
Dow Jones News
--Audi's electric-car business will take longer than expected to
reach profit margins on par with its conventional, gas-burning car
business, German newspaper Handelsblatt reports, citing an
interview with Chief Executive Officer Gernot Doellner.
--The Volkswagen subsidiary wanted to reach margin parity by the
end of the decade, but Doellner now says it will likely take
longer, Handelsblatt reports.
--Audi is facing strong competition in China and wants to
strengthen its North American presence, according to the
newspaper.
--Audi didn't immediately respond to a request for comment by
Dow Jones Newswires.
Full story (in German): https://shorturl.at/aekBI
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
December 14, 2023 10:34 ET (15:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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