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Audi AG (NSUG.F)

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2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Audi says global sales in September rose 1.7 pct to 173,850 vehicles
Wednesday, 12 Oct 2016 05:04am EDT 

Audi AG : Says global sales in September rose 1.7 percent to 173,850 vehicles . Says global Jan-Sept sales rose 4.5 percent to 1,408,800 vehicles Further company coverage: [NSUG.DE] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Ballard says Audi AG has issued purchase orders to the company
Monday, 26 Sep 2016 04:30pm EDT 

Ballard Power Systems Inc :Says Audi AG has issued purchase orders to Ballard to accelerate certain key development activities.  Full Article

Audi posts 7.4 pct June sales growth, up 5.6 pct in H1
Monday, 11 Jul 2016 05:04am EDT 

Audi : Says global June sales rise 7.4 percent to 169,000 vehicles . Audi says H1 global sales rise 5.6 percent to 953,200 vehicles Further company coverage: [NSUG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Audi says May sales rise 6.7 pct
Thursday, 9 Jun 2016 05:01am EDT 

Audi: Global sales in May rise 6.7 percent to 164,150 vehicles thanks to new models . Jan-May global sales rise 5.3 percent to 784,250 vehicles Further company coverage: [NSUG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Audi AG - Strike threat at Audi flags risks for Hungarian growth sector - Reuters News
Wednesday, 30 Mar 2016 01:04am EDT 

Audi AG:Workers at the Hungarian plant of German automaker Audi are threatening to strike unless they get a back-dated pay rise, flagging a risk to a sector underpinning economic growth and investment - RTRS.Any disruption to the car sector, which accounts for over one-fifth of industrial output and more than a tenth of exports, would spell trouble for Hungary's economy, already expected to slow from last year's 2.9 percent growth rate.AHFSZ, a trade union at Audi's Hungarian factory in the western town of Gyor, has formed a strike committee and is seeking a 20,000 forint per month wage hike back-dated to Jan. 1, a one-off 100,000 forint bonus and higher employee benefits.It said the latest round of talks on Tuesday broke down after its strike committee unanimously rejected the two counterproposals put forth by Audi management.The body says it has gathered signatures from over 7,000 workers in support of its demands.Audi employed 11,411 people at the end of last year at what it says is the world's biggest engine factory in Gyor.An Audi spokeswoman could not comment immediately. Car sector workers earned a gross 283,936 forints ($1,025) per month on average last year according to official statistics, above the national average of 247,800 forints.The local car sector employs over 100,000 people and the problems at Audi highlight a wider problem for Hungary's economy, which has been losing workers through to migration to western Europe and elsewhere.  Full Article

Audi AG - Volkswagen AG to recall emissions-faked cars in late April in South Korea - YONNWS
Wednesday, 2 Mar 2016 07:34am EST 

Audi AG:Volkswagen and its luxury brand Audi plan to start the recall process for their emissions-faked vehicles sold in South Korea in late April following a delay caused by the Seoul government rejecting the companies' measures to fix the problem for being insufficient - YONNWS.The two German carmakers recently submitted their recall plans to the environment ministry for around 125,000 vehicles equipped with what are called deceit devices designed to manipulate emissions results.Under the plans, the recall will be carried out "in phases" with some models to be called in to remove the device "in late April at the earliest," the sources said.The carmakers claimed that removing the devices will not compromise their fuel efficiency and driving performance, they added.Their initial recall measures submitted in January were rejected by the ministry for insufficient data and proper fixing methods.The ministry later asked the prosecution to investigate Johannes Thammer, head of Audi Volkswagen Korea, for failing to start the recall swiftly. Its main offices in Seoul were raided recently in a related move.  Full Article

Audi AG - S.Korea says to file suit against VW's local chief in emissions case - Reuters
Monday, 18 Jan 2016 07:13am EST 

Audi AG:South Korea's environment ministry said it plans to file a criminal complaint later on Tuesday against the head of the South Korean unit of Volkswagen AG and Audi AG over an emissions test cheating scandal - RTRS.The complaint against Johannes Thammer, managing director of Audi Volkswagen Korea, says that a recall plan submitted by the German automakers failed to address key elements required under the country's environment law, the ministry said in a statement - RTRS.In November, South Korea, after conducting its own emissions test, fined the German automaker a record 14.1 billion won ($11.7 million) and ordered a recall of 125,522 vehicles. Volkswagen submitted a recall plan on Jan. 6 at the request of the ministry. - RTRS.  Full Article

Proximus and Audi conclude partnership agreement
Tuesday, 12 Jan 2016 07:00pm EST 

Proximus:Proximus and Audi have concluded a partnership agreement to provide all new Audis in Belgium (equipped with Audi connect) with an internet connection via Proximus network.  Full Article

Audi AG - Battered VW shares drop further as scandal widens - Reuters
Monday, 2 Nov 2015 09:13pm EST 

Audi AG:Shares in Volkswagen dropped another 5 percent on Tuesday after an emissions scandal rocking the company widened to include luxury brands Porsche and Audi - RTRS.The U.S. Environmental Protection Authority said VW also used devices to cheat air-pollution tests in 3.0-litre V6 diesel engines used mostly in larger, more expensive models - RTRS.Europe's biggest carmaker said "no software had been installed... to alter emissions characteristics in a forbidden manner" - RTRS.Volkswagen has now lost more than a quarter of its market value since the scandal broke out on Sept. 18. - RTRS.  Full Article

Audi AG, BMW Group and Daimler AG agree with Nokia Corp on joint acquisition of HERE Digital Mapping Business
Monday, 3 Aug 2015 02:05am EDT 

Audi AG, BMW Group and Daimler AG:Have agreed with Nokia Corporation that they will acquire its mapping and location services business HERE.Says acquisition is intended to secure long term availability of HERE's products and services as an open, independent and value creating platform for cloud-based maps and other mobility services accessible to all customers from the automotive industry and other sectors.Says three partners will each hold an equal stake in HERE; none of them seeks to acquire a majority interest.Subject to approval of the relevant antitrust authorities, transaction is expected to close in Q1 of 2016.  Full Article

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China hikes tax on 'super cars' amid luxury crackdown

SHANGHAI/BEIJING China will impose an extra 10 percent tax on super cars and other luxury models costing 1.3 million yuan ($188,852) and above, in a bid to rein in lavish spending and to reduce emissions, the ministry of finance has said.

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