AM Online

Audi reaffirms 'stagnant' forecast

The head of Audi has reaffirmed its 2004 forecast for flat profits despite rising car sales and revenues.

'We'll finish the year better in terms of both vehicle sales and revenues,' Audi chief executive Martin Winterkorn said, according to Reuters today.

Earnings would be stagnant as previously forecast, he said.

Last year, Audi delivered 769,893 vehicles to customers, increasing 3.7% from the year before due primarily to strong sales of the A4, the A3 and the A8.

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