Retail in Asia

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Audi predicts another record year

Volkswagen’s premium brand Audi forecast yesterday that operating profit in 2012 should remain at last year’s record level of EUR5.35 billion (USD7.13b) and expects to reach its mid-term sales target earlier than planned helped by its strength in the China market.

Audi’s operating margin widened by nearly three full percentage points to 12.1 percent last year, far above the 9 percent achieved by its rival, Mercedes-Benz.

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(Source: scmp.com)