Audi Sticks to Guidance But Warns of Impact From Geopolitical, Economic Turbulence — Update
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Audi maintains its full-year guidance while implementing cost cuts amid geopolitical and economic challenges. CFO Juergen Rittersberger noted that stable sales markets are no longer guaranteed, prompting urgent action on cost structures. The company plans to cut up to 7,500 jobs and aims to save over 1 billion euros annually. Despite a decline in revenue, Audi reported a first-quarter operating profit of 588 million euros. Deliveries fell 6.1% year-on-year, particularly in China and North America, while growth was seen in Europe. New models are set to launch to meet diverse customer expectations.
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