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Volkswagen's Audi division, the world's second-largest maker of luxury cars, plans this year to further narrow the gap with market leader BMW and keep Daimler's Mercedes-Benz at bay.

"This is our intention," CEO Rupert Stadler said today at the World Economic Forum in Davos, Switzerland.

"Competition is very strong" in the premium-car segment, "but this makes us even stronger," Stadler said in a Bloomberg Television interview.



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Audi Says It Will Begin Reeling In BMW This Year

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