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FRANKFURT—Audi AG said on Monday that its capital expenditure in 2016 would likely undershoot a previous annual estimate, with the luxury car unit of Volkswagen AG scrutinizing investments amid a costly emissions scandal at the group.
Some 1.42 million Audi vehicles in Western Europe were fitted with the software that allowed parent group Volkswagen to cheat U.S. emissions tests, Audi said on Monday. Almost 13,000 Audi cars in the U.S. and 577,000 in Germany were also impacted.
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BERLIN (Reuters) – Volkswagen's Audi division will replace the head of its Chinese operations as the luxury carmaker grapples with an accelerating sales decline in its key market. Dietmar Voggenreiter, who has led Audi's business in the world's largest …
Volkswagen's flagship Audi division is to increase spending on new models, plants and technology through 2019 to push its goal of surpassing German rival BMW as the world's largest luxury-car manufacturer. Audi, which contributes 40 percent of …
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