Audi posts Q1 sales increase helped by higher EV sales, confirms outlook
May 5 (Reuters) - 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%, 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.
Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.
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%-9%.
"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% fewer vehicles globally in the first quarter of 2025, unit sales of electric cars rose 30.1%.
In North America, excluding Mexico, Audi's deliveries fell 2.1% to 48,599 vehicles, as many models there are due to be upgraded, the company said.
Deliveries in China fell 7% 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.
($1 = 0.8824 euros)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
3 hours ago
- Reuters
China's forex reserves up $3.6 billion in May, less than expected
BEIJING, June 7 (Reuters) - China's foreign exchange reserves rose by a less-than-expected $3.6 billion in May, official data showed on Saturday, as the dollar continued to weaken against other major currencies. The country's foreign exchange reserves, the world's largest, rose 0.11% to $3.285 trillion last month, below the Reuters forecast of $3.292 trillion. They were $3.282 trillion in April. The increase in reserves was due to "the combined effects of factors such as exchange rate conversion and asset price changes," China's State Administration of Foreign Exchange said in a statement. The yuan weakened 1.05% against the dollar in May, while the dollar slid 0.23% against a basket of other major currencies .
Auto Blog
5 hours ago
- Auto Blog
Audi's New Electric Crossover Chooses To Be Towed To Prove It's A Good EV
Audi's New Crossover Coupe Will Look Sportier Than The BMW Alternative Audi is preparing to give its Q4 e-tron compact electric crossover a subtle styling update sometime in the middle of next year, likely arriving for the 2027 model year. Long before that happens, engineers are testing the EV in the Austrian Alps, allowing our spies to capture some of the subtle styling updates. Already a looker, the facelifted Q4 will be getting updated graphics for its front and rear lighting signatures inspired by the Q6 e-tron and other new or heavily revised models like the A6. While styling is subjective and not everyone will agree, this writer believes that the new looks will continue to place the Q4 above the iX2 in this segment's beauty pageant. Now, let's address the elephant in the room: why is this development mule not driving on its own power? Testing EV Systems Requires Sharp Slopes While it may appear as if the crossover is being towed due to a malfunction – which is not uncommon – our spies inform us that the EV is being towed by a current-generation Q3 crossover as part of a brake test. The EV is towed to the top of a tall route and then allowed to drive back down on its own, braking all the way down. This tests both the brakes and the regenerative braking system that helps recharge the battery. Since the prototype was reportedly able to drive on its own power, we suspect that Audi may have been testing some battery management software, potentially looking for ways to ensure that an EV with a full battery (hence the tow up the hill) can still use maximum regenerative braking without anything overheating or otherwise malfunctioning. Most Of The Changes For 2027 Will Be Hidden When the 2024 Q4 e-tron update arrived, the changes were mostly beneath the skin. This time, it appears that the outline of the headlight cluster may no longer be just an accent, as close-up images seem to suggest a single lens cover. We also expect some massaging of the front and rear fascias. However, only hardcore Audi geeks will notice things like that. More important changes for what is, as mentioned at the outset, already a good-looking thing, will include shorter charging times, more range, an illuminated logo on each end, and probably some larger screens. Expect more revealing photos throughout the year. As for a release schedule, that is in flux. Audi is reportedly considering building the Q4, Q6, and other e-tron models in the U.S. to dodge tariffs, but that scenario is constantly evolving, so we won't get anything concrete for a while yet. Source: Autoblog About the Author Sebastian Cenizo View Profile
Daily Mirror
6 hours ago
- Daily Mirror
Crystal Palace discover likely date for verdict on European football ban
Crystal Palace secured their spot in next season's Europa League after winning the FA Cup but their participation in the competition is in major doubt with UEFA set to make a decision Crystal Palace face a near MONTH LONG wait to discover their European fate. The Eagles secured their spot in the Europa League at the end of the season after beating Manchester City in the FA Cup final. They were set to go straight into the league stage of the competition but there are now doubts over whether the south Londoners can actually compete in the tournament. UEFA rules forbid individuals having control of more than club to be in the same competition at the same time to avoid conflicts of interest. Eagle Football - the group owned by John Textor - is a minority shareholder in Palace, while they are also a majority shareholder in French side Lyon. Both clubs have secured qualification for the Europa League. As it stands, Lyon get priority over the Premier League side due to their superior league finish last term. Palace chiefs have attempted to win UEFA over by flying to their headquarters in Switzerland for talks. But it appears that Palace will have to sweat for a while over their prospects of playing Europe next season. That's according to the BBC, who say a decision from UEFA is not expected until at least the end of the month. The news will be a huge blow to Palace's hopes of planning for next season. Boss Oliver Glasner has already admitted that a place in Europe could affect their transfer ambitions. Speaking earlier this year, he said: 'From a financial perspective, Crystal Palace will never be a top-four club in England. Not with all the other big clubs here and that's not necessary because not everybody can be a top-four club. It's just not possible. 'This club got promoted in 2013. Since then, it has always progressed. Not huge steps. You can be a one-hit wonder and then you're gone. We said: our planning shouldn't be, 'Now we play in Europe, so let's do crazy things', and then everything collapses. We follow a pathway. 'This pathway didn't start with Oliver Glasner. It started with the new owners in 2010. Very stable, mid-table, always between 10 and 15. And this is where we are again. 'Now, it's step by step. Winning this trophy, playing internationally, getting this experience, and maybe getting some players we couldn't by playing European football. This can help us take the next step.' Palace have already seen one of their Premier League rivals take action regarding their European hopes. Nottingham Forest also saw a potential spot in the Champions League in jeopardy due to Evangelos Marinakis' ownership of Greek giants Olympiacos. He diluted his control of the East Midlands club by placing his shares in a blind trust. But Textor is unlikely to follow that example because he and Eagle Football do not have decisive influence over the Croydon outfit. Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.
