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Audi AG (NSU), the world’s second-largest maker of luxury vehicles, is targeting 2012 profit “on par” with last year’s record results as higher sales offset increased spending on new models and factories.

Operating profit surged 60 percent to 5.35 billion euros ($7.14 billion) last year from 3.34 billion euros in 2010, the Volkswagen AG (VOW) brand said today in Ingolstadt, Germany. Revenue rose 24 percent to 44.1 billion euros, boosted by a 37 percent gain in deliveries in China, its largest market.
 



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Audi Profits Surged 60% In 2011 - Becoming One Of The Most Profitable Car Companies On The Planet

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