Audi Sticks to Profit Margin Goal Despite Costs of Growth

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Audi Sticks to Profit Margin Goal Despite Costs of Growth

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German luxury-car maker Audi stuck to its full-year profit target even as higher costs of plants and technology inflicted a double-digit drop in third-quarter earnings.

The Volkswagen-owned division is pushing costly overseas expansion, adding capacity in China, Mexico and Brazil as the brand aims to topple luxury-sales champion BMW by the end of the decade.

Reporting by Andreas Cremer, REUTERS.

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