Volkswagen AG’s luxury brand Audi plans to create 10,000 jobs globally through 2020, CEO Rupert Stadler said today, according to the prepared speech for the company’s shareholder meeting in Neckarsulm.
Earlier this month, Audi announced measures to ease waiting times for models including the Q7 SUV. Audi plans additional weekend shifts this month at its two main German factories to increase production, CFO Axel Strotbek said.
“The extra shifts are required by the good order book,” he said. “The delivery times of several models are higher than we’d like.”
BMW AG, Daimler AG’s Mercedes-Benz and Audi are targeting their highest-ever sales this year, lifted by growing wealth in China and a rebound in spending in the U.S.
On Monday Audi announced it sold 109,400 cars last month, a 13.2 percent increase, to remain ahead of rival Mercedes, which reported last week that its April global sales grew 8.2 percent to 100,703 units.
Both luxury brands were topped by competitor BMW which sold 113,078 cars in the same period, a rise of 14.8 percent over 2010 figures.