Audi posts Q1 sales increase helped by higher EV sales, confirms outlook
HighlightsVolkswagen's premium brand Audi reported a 12.4 percent increase in first-quarter revenue, reaching 15.43 billion euros, driven by higher sales of electric models. Audi confirmed its full-year revenue guidance of 67.5 to 72.5 billion euros and an operating margin of 7 to 9 percent, excluding potential impacts from U.S. tariffs. Despite a 3.4 percent decrease in global vehicle deliveries, Audi experienced a 30.1 percent increase in electric car sales during the same period.
Volkswagen's premium brand Audi on Monday confirmed its full-year guidance with the caveat that any impact from U.S. tariffs was excluded, after its first-quarter revenue rose 12.4 per cent, helped by higher sales of electric models.
Quarterly revenue rose to 15.43 billion euros ($17.49 billion) in the January-March period, compared with 13.73 billion a year ago.
The company confirmed its full-year outlook of 2025 revenue between 67.5 and 72.5 billion euros and an operating margin range of 7 per cent-9 per cent.
"Financial implications of import tariffs, particularly in the United States, cannot be conclusively assessed," Audi said, adding that implications of a March agreement between Audi's management and the works council were also not yet taken into account for the guidance.
While the company delivered 3.4 per cent fewer vehicles globally in the first quarter of 2025, unit sales of electric cars rose 30.1 per cent.
In North America, excluding Mexico, Audi's deliveries fell 2.1 per cent to 48,599 vehicles, as many models there are due to be upgraded, the company said.
Deliveries in China fell 7 per cent to 144,471 vehicles in the quarter, dragged by intense competition in the local market, the company added.
Like other European carmakers, Audi has been dealt a severe blow by the tariffs, which are expected to raise car prices by thousands of dollars and rattle an automobile sector already struggling with high costs and intensifying competition.
Audi is among the carmakers most exposed to U.S. import tariffs as it has no factory in the United States. It serves that market through a plant in San Jose Chiapa, Mexico, which makes the popular Q5 model and employs over 5,000 people.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
26 minutes ago
- Mint
Iran Warns of Retaliation to UN Watchdog's Nuclear Censure
(Bloomberg) -- Iran warned it will retaliate following a decision by the United Nations atomic watchdog to censure the Islamic Republic over its nuclear program, deepening a crisis that's also drawn in the US and Israel. The International Atomic Energy Agency's board of governors approved a resolution in Vienna on Thursday that deemed Iran in non-compliance of its international obligations, setting up a potential referral to the UN Security Council for a renewal of sanctions. Iran will 'consider appropriate responses, including initiating the process of withdrawing from the Treaty on the Non-Proliferation of Nuclear Weapons,' Iran's ambassador to UN, Saeid Iravani, said ahead of the vote, according to the state-run IRNA news agency. The breakdown in nuclear diplomacy comes alongside a corresponding rise in regional tensions. The US ordered some staff to depart its embassy in Baghdad and authorized families of military service members to leave the region, officials said, while US President Donald Trump said he's growing less confident about the prospects for a successful deal to impose new limits on Iran's nuclear program. Iran warned it could hit US military assets in the Middle East if the talks collapse and the Islamic Republic is attacked. Oil prices rose the most since October on the mounting tensions, before paring gains on Thursday. Negotiations between Iran and the Trump administration have stalled over whether or not Tehran's engineers will retain their right to enrich uranium. The US and Israel have publicly insisted Iran can't possess that key technology — critical for producing the fuel needed for nuclear reactors and bombs. 'A comprehensive deal is likely contingent on the US allowing Iran to retain some domestic enrichment capacity,' analysts at the Eurasia Group wrote in a note this week. Iran has previously offered to end its ramp up of highly-enriched uranium in exchange for sanctions relief, after producing a record volume over the last quarter. That material could quickly be turned into the fuel for the equivalent of 10 bombs, should Iran's leadership take the political decision pursue weapons. The IAEA's vote was highly divided, with 19 in favor — led by the US and European nations — and three against, including China and Russia. There were 11 abstentions. Russian diplomats, who have been asked by the Trump administration to facilitate a diplomatic solution with Iran, cautioned that passing the IAEA vote of censure carries significant risks. 'The adoption of the presented resolution will significantly reduce the chances' of a diplomatic resolution, wrote Moscow's IAEA envoy Mikhail Ulyanov in a statement. Instead, 'such an escalation will have the most negative consequences both for the IAEA and for the entire non-proliferation regime.' More stories like this are available on
Indian Express
30 minutes ago
- Indian Express
WEF Gender Gap Index 2025: Top 10 best and worst countries for gender parity
WEF Global Gender Gap Index 2025: According to the WEF Global Gender Gap Report 2025, the global gender gap has marginally narrowed in 2025, from 68.4% in 2024 to 68.8% in 2025, in 148 economies that were surveyed. However, the overall pace still lags behind pre-pandemic trends. At the aggregate level, high-income economies have closed 74.3% of their gender gap, slightly higher than the averages recorded in lower-income groups; however, the best performers in the three lower-income categories have narrowed a larger percentage of their gender disparities than more than half of the high-income countries. Notably, Saudi Arabia, Mexico, Ecuador, Bangladesh, and Ethiopia have shown to be the most effective economies in overcoming gender inequalities across each income level. The top 10 economies in the Global Gender Gap Index 2025 have succeeded in minimising gender gaps by at least 80%. Iceland retains the world's most gender-equal economy for the 16th consecutive year, closing 92.6% of the gender gap – the only economy to reach 90% parity. European countries account for eight of the top ten rankings; Iceland, Finland, Norway, and Sweden have all been in the top ten since 2006. Source: World Economic Forum – The Global Gender Gap Index 2025 Rankings The bottom 10 countries in the Global Gender Gap Index 2025—led by Pakistan, Sudan, Chad, and Iran—continue to show the widest gender disparities globally. Source: World Economic Forum – The Global Gender Gap Index 2025 Rankings In 2025, India ranked 131st in global gender parity out of 148 countries, with a score of 64.4%, down three positions from the previous year. While it's way behind its neighbours – Bhutan (119th), Nepal (125th) and Sri Lanka (130th) – it saw an improvement in economic participation and opportunity. The score rose to 40.7%, supported by an increase in estimated earned income from 28.6% to 29.9%, while labour-force participation remained steady at 45.9%. In educational attainment, India scored 97.1%, reflecting gains in female literacy and tertiary education enrolment. Health and survival also improved due to a better sex ratio at birth and increased healthy life expectancy. However, political empowerment declined, with women's representation in parliament dropping from 14.7% to 13.8%. Cherry Gupta is an Assistant Manager - Content at The Indian Express. She is responsible for crafting compelling narratives, uncovering the latest news and developments, and driving engaging content based on data and trends to boost website traffic and audience engagement. One can connect with her on LinkedIn or by mail at ... Read More
Economic Times
2 hours ago
- Economic Times
European shares tumble as trade, geopolitical tensions mount
European shares dropped on Thursday, in their fourth straight session of declines, as trade optimism stemming from U.S.-China trade talks faded, while mounting geopolitical tensions led to the markets being more cautious. ADVERTISEMENT The pan-European STOXX 600 was down 0.4% at 549.41 points at 0707 GMT, while most regional bourses were also in the red. U.S. President Donald Trump said on Wednesday that he was willing to extend the deadline for trade talks but it was not likely necessary as the U.S. will send offer letters to countries in a week or so. However, markets were a little concerned about the European Union being able to clinch a deal before Trump's July 8 deadline - when the tariff pause expires. Geopolitical worries added more caution to markets already navigating U.S. tariff-driven uncertainty after trade talks with China did not offer a solution to de-escalate longstanding tensions. U.S. personnel were being moved out of the Middle East because "it could be a dangerous place" amid rising tensions with Iran, Trump said on Wednesday. ADVERTISEMENT In the market, travel and leisure stocks were the worst hit, down 1.7%, while industrial miners fell 1.1%. Among stocks, BE Semiconductor Industries (BESI) jumped 7.7% after raising its long-term financial targets ahead of its investor day. ADVERTISEMENT Tesco gained 1.3% after Britain's biggest food retailer's domestic sales growth accelerated in its first quarter. (You can now subscribe to our ETMarkets WhatsApp channel)
