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Carmaker Audi Cuts Outlook Again on China, US Woes
Audi said its margin outlook fell to 3% to 5% as fierce competition in China and U.S. tariffs squeezed profits.
7 Articles
7 Articles
Audi Dials Back Outlook on China Slump, Competition in Europe
·New York, United States
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The car manufacturer Audi, a subsidiary of the German giant Volkswagen in crisis, on Friday lowered its forecast for the second time of the year after poor results in the face of competitive pressure from China.
Second time this year: Carmaker Audi cuts outlook again on China, US woes
·Luxembourg City, Luxembourg
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German carmaker Audi is facing a sharp drop in profits, weaker sales in China and high costs from US tariffs. After lowering its business expectations for the second time this year, management is announcing a stronger end to the year, while at the same time raising questions about future investment in the US and job security in Germany. Audi is the third […]
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Total News Sources7
Leaning Left0Leaning Right0Center4Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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