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Audi AG (NSUG.F)

NSUG.F on Frankfurt Stock Exchange

22 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Audi CEO says neither home nor office has been searched
Wednesday, 15 Mar 2017 09:03am EDT 

Audi : Audi CEO says neither his private home nor office have been searched, raid is still ongoing Further company coverage: [VOWG_p.DE] ((frankfurt.newsroom@thomsonreuters.com; +496975651270;)).  Full Article

Audi operating margin shrinks to 5.1 pct in 2016
Wednesday, 15 Mar 2017 05:05am EDT 

Audi : Says 2016 sales 59.3 billion eur versus 58.4 billion year-ago . Says 2016 operating profit 3.05 billion eur versus 4.84 billion year-ago; operating margin 5.1 percent versus 8.3 percent . Says 2016 provisions for emissions scandal 1.632 billion eur, Takata recalls 162 million eur . Says 2016 bonus to workers in Germany 3.510 eur versus 5.420 eur year-ago . Says expects 2017 auto sales, revenue to slightly exceed year-ago records . CEO says diesel crisis not over yet, ties resources . CEO says investigation of emissions scandal far from over, will keep at it until work is done . CEO says reviewing all parts of business operations in response to Dieselgate Further company coverage: [NSUG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Audi says January sales down 13.5 pct at 124,000 deliveries
Tuesday, 14 Feb 2017 05:10am EST 

Audi AG : January sales down 13.5 percent at 124,000 deliveries .January sales: China down 35.3 percent; USA up 11.4 percent; Europe up 3.1 percent.  Full Article

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

More From Around the Web


Audi board to discuss prosecutor raids, CEO's actions on March 29: sources

BERLIN/FRANKFURT Top officials at Volkswagen's luxury division Audi will meet next week to discuss a raid by German prosecutors on the carmaker's premises last week and the situation of its embattled chief executive, sources said.

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