German carmaker Volkswagen's premium brand Audi posted record high margins, beating domestic rival Mercedes, and said it expected to stay ahead of the competition in fast-growing China.
Audi's volumes, revenue and operating profit all set a record in 2010 thanks mainly to China where sales moved to within 1,000 vehicles of its home market total.
"We want to deliver more than 1.2 million Audi cars to customers worldwide during the current year, and thus build upon the success of the record year 2010," chief executive Rupert Stadler told reporters on Tuesday.
2011 Geneva Motor Show Photo Gallery
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Audi Lightweight Tech Showcase Photo Gallery
2011 Geneva Motor Show Preview Photo Gallery
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