You may recall that Mercedes-Benz and BMW have announced similar record profit levels, all thanks to surging demand in China as well as resurgent activity in established markets such as the U.S., Germany and the UK.
Key players were the A8 flagship sedan as well as the A7 Sportback and A1 hatchback, the latter selling in numbers as high as 63,000 in the six month period ending June 30, 2011. Moreover, there was continued strong demand for the Q5 and Q7, especially in the U.S. and China.
The picture isn’t completely rosy, however. Audi’s finance chief Axel Strotbek has warned that immense public debt, volatile market trends, and rising commodity prices all post a future threat for automakers.