|Bid||0.00 x 200|
|Ask||0.00 x 400|
|Day's Range||780.00 - 804.00|
|52 Week Range||622.00 - 814.00|
|PE Ratio (TTM)||14.05|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
MUNICH (Reuters) - German premium carmaker Audi (NSUG.DE) said on Wednesday it was recalling 330,000 cars in Germany due to possible problems with electrical connections for the auxiliary heater that could ...
Germany's Audi has abandoned plans to sell its Italian motorcycle brand Ducati, its chief executive Rupert Stadler said, in a sign of confidence that the carmaker expects to be able to carry the costs of its transformation. Steps to reduce costs by 10 billion euros ($11.8 billion), cut red tape and deepen ties with fellow Volkswagen-owned brand Porsche are "gradually increasing our financial and organisational leeway for the strategic realignment," chief executive Rupert Stadler told reporters. There is therefore no economic need to sell Ducati, Stadler said.
Audi will not appeal against Daniel Abt's disqualification from Sunday's Hong Kong Formula E race after reviewing documents and processes, the team said on Monday. The German driver was initially hailed as the winner on his 25th birthday before being ruled out because FIA stickers on the inverters and motors did not match the car's technical documentation. Team principal Allan McNish said in a statement that the team accepted they had made "a small mistake with big consequences" and apologised.
Germany’s Daniel Abt was disqualified from Sunday’s Hong Kong Formula E race after a post-race inspection ended his victory celebrations and handed the win to Swedish rival Felix Rosenqvist. Audi Sport said they intended to appeal, with the matter set to go before the governing FIA's international tribunal.
Audi has agreed to rule out forced redundancies in Germany by five years until the end of 2025 and to build two fully-electric SUV models at its main plant in Ingolstadt, it said in a joint statement with its German works council. The Volkswagen-owned business last year awarded production of its first mass-produced electric sport-utility vehicle to a plant in Brussels, and has since been under pressure from labour unions to allocate electric car projects to Germany. "Production of the two new fully electric SUVs is another milestone for our secure future," works council chief Peter Mosch said in the statement on Tuesday.
Audi (NSUG.DE) is recalling almost 5,000 cars in Europe for a software fix after discovering they emitted too much nitrogen oxide, the polluting gas that parent Volkswagen (VOWG_p.DE) concealed from U.S. regulators in its devastating 2015 "dieselgate" scandal. The luxury carmaker said on Thursday it had reported the matter to Germany's road transport authority KBA, which was concerned about the possible illegal manipulation of emission levels. The KBA had no immediate comment.
BERLIN (Reuters) - Volkswagen's (VOWG_p.DE) luxury division Audi said growing costs for upcoming model launches will weigh on fourth-quarter earnings after third-quarter profit and revenue edged up thanks ...
Audi’s U.S. chief said he expects the luxury brand to gain more market share in the U.S. with its onslaught of electric and hybrid models in the next eight years.
BERLIN (Reuters) - Volkswagen's Porsche brand is seeking 200 million euros ($234 million) in damages from its luxury stablemate Audi over costs related to manipulated diesel engines, Bild newspaper reported ...
Audi (NSUG.DE) said it had resolved a legal dispute with a former engineer who sued the carmaker for wrongful dismissal and re-employment after he was fired amid investigations into the diesel emissions scandal. At a German labour court hearing in February, Audi lawyers claimed that Ulrich Weiss, former head of diesel engine development at the carmaker, knew about the emissions manipulations but had failed to inform his superiors. On Saturday, a spokesman for Audi said the working relationship with Weiss "has been terminated by mutual consent".
SEOUL, South Korea (AP) — Samsung Electronics Co. said Thursday it will invest 75 million euro ($89 million) in TTTech, a Vienna, Austria-based company that makes autonomous driving technologies and safety controls for Audi cars and others, stepping up its push into autonomous driving technology.
European car sales rose 5.5 percent in August, accelerating from an increase of 2.6 percent in July, according to industry data published on Thursday. Registrations rose to 903,143 vehicles in the European ...
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for AUDI AG. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bullish 50 ... Read more (Read more...)
Thyssenkrupp's European steel business, expected to be merged soon with its counterpart at Tata Steel, will get a boost from the auto industry's shift towards electric vehicles, a senior executive at the group said. Investors and analysts are closely watching any hints from Thyssenkrupp over the restructuring of its steel operations in Europe, with many expecting a merger could mark the first step towards a full exit of the business.
The emissions scandal ensnaring German carmakers is a risk to Europe's largest economy, the Finance Ministry said on Monday, adding that it was impossible at the moment to quantify its impact. In its monthly report, the ministry named the issue, which broke out almost two years ago after Volkswagen admitted to cheating U.S. diesel emissions tests, as a threat to Germany along with Britain's decision to leave the European Union and protectionist trade policies by the U.S. government. Strong household and state spending provided most of the impulse for the German economy in the second quarter when growth was measured at 0.6 percent.
Angela Merkel's main challenger in next month's German election criticised the chancellor's approach to carmakers on Tuesday and called for them to pay for the widening emissions scandal. Social Democrat Martin Schulz, who is taking on Merkel in the Sept. 24 election, said she had repeatedly changed her views on the need to develop electric cars and the continued use of diesel vehicles, raising questions for unions and consumers. "The zig zag course of Mrs. Merkel has unsettled unions and has left it unclear that those who caused this crisis will be held responsible," said Schulz, who leads the Social Democratic Party (SPD) that is the junior partner in Merkel's coalition.
Foreign carmakers should contribute to a proposed German fund set up to improve urban transport infrastructure, BMW CEO Harald Krueger has said, just days after a deal was reached to cut pollution and avert a ban on diesel engines. "It would send a good signal if they would participate," Krueger told the Frankfurter Allgemeine Sonntagszeitung (FAS). Under an agreement reached on Wednesday, German carmakers and the government will contribute equally to a 500 million euro ($589 million) fund aimed at helping local governments reduce pollution, including introducing systems to improve traffic flows and public transport.
Volkswagen AG executive Oliver Schmidt pleaded guilty on Friday in U.S. District Court in Detroit in connection with a massive diesel emissions scandal that has cost the German automaker as much as $25 billion. Under a plea agreement, Schmidt will face up to seven years in prison and a fine of between $40,000 and $400,000 after admitting to conspiring to mislead U.S regulators and violating clean air laws. Schmidt will be sentenced on Dec. 6.
The mayor of Munich, home to carmaker BMW, expressed doubts on Thursday about whether a deal between German politicians and auto makers to cut pollution was enough to avert possible bans of diesel vehicles. On Wednesday, politicians and top carmakers agreed at a crisis summit to overhaul engine software on 5.3 million diesel cars to try to repair the industry's battered reputation and avert potential bans in several cities. "I fear that the promised software updates for newer cars and financial support for the owners of old cars will not be enough to protect the health of people in the cities," Munich mayor Dieter Reiter said of the deal.
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for AUDI AG. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving Average Bullish 50 ... Read more (Read more...)