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Audi Sticks to Profit Margin Goal Despite Costs of Growth

An employee of German car producer Audi screws at the assembly line of the Audi production site in Ingolstadt, southern Germany.

Audi Sticks to Profit Margin Goal Despite Costs of Growth

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.