Audi AG's first-quarter sales slipped slightly from a year ago because of the stronger euro, the German automaker said Monday, but its operating profit was up 28 percent amid demand for its cars. The Ingolstadt-based maker of the Audi TT, A4 and other models, said its operating profit for the first three months of the year was 514 million euros ($803.3 million) compared with 401 million euros in 2007.
Audi did not release its net profit figures for the quarter.
Looking forward, Audi said it expects its sales momentum in the U.S. and Western Europe to stagnate or even decline, but said stronger growth in China, India and Russia would help offset that.
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