Audi AG, the world's second-largest maker of luxury cars, said it's on track to reach a goal of selling a record 1.

4 million vehicles in 2012 and expects the momentum to continue into next year.

"We are successfully performing against the European trend," CEO Rupert Stadler told journalists Tuesday at the manufacturer's headquarters in Ingolstadt, Germany. "We expect Audi to perform well 2013."

Luxury automakers such as market leader BMW AG and Audi have used price cuts to maintain sales and counter a market slowdown, hurting profitability.


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Audi CEO Says They Will Reach Sales Goal In Spite Of European Woes

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