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Audi profit down 29 percent
Audi 1st-quarter operating profit down 29 percent
Posted Monday, Apr 27, 2009, 3:35 pm in Employee News
German luxury carmaker Audi AG said Monday that its first-quarter operating profit fell by 29 percent as the global economic crisis ate into sales, the Associated Press reported.
The Volkswagen AG subsidiary said its operating, or pretax, profit was down to 363 million euros ($479 million) in the January-March period from 514 million euros a year earlier, the news service said. The company did not immediately report net profit, the AP said.
Sales for the quarter were down 19 percent to 6.7 billion euros from the previous year’s 8.3 billion euros. Company officials said they expected the rest of 2009 to remain difficult, the story said. (Associated Press/The Detroit News)
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
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