Audi CEO sees opportunity for Europe catch-up in one-two years

Reuters

FRANKFURT (Reuters) - The chief executive of luxury carmaker Audi (GER:VOW3) expects European car markets will remain tough for 1-2 years before offering improvement.

"At the moment, we are going through a weak phase because several countries are affected by the debt crisis," Rupert Stadler said, speaking to journalists at the Frankfurt car show on Tuesday.

"But I'm firmly convinced that in one to two years' time there will be an opportunity to catch up," he said.

(Reporting by Andreas Cremer; Writing by Victoria Bryan)

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