Audi planning to add 10,000 jobs worldwide by 2020

Article by Christian Andrei, on May 12, 2011

Audi, the luxury brand of Volkswagen AG, is planning to generate 10,000 jobs worldwide through 2020, Chief Executive Officer Rupert Stadler revealed in a speech prepared for the company’s shareholder meeting in Neckarsulm.

Earlier this month, the company talked about measures to reduce the waiting times for its car models such as the Q7 sports utility vehicle.

In addition, Chief Financial Officer Axel Strotbek said that the company is planning to add shifts on weekends for this month at its two main factories in Germany in order to increase production.

According to him, these extra shifts are needed by the “good order book.” In addition, delivery times of several of the vehicle models are higher than what the company prefers.

With the rebound in U.S. spending as well as the growing wealth in China, Audi is aiming to obtain its highest-ever sales record this 2011, just like its competitors BMW AG and Daimler AG's Mercedes-Benz.

Last Monday, Audi revealed a sales record of 109,400 units for the month of April, which is a 13.2 percent increase, outperforming Mercedes, which disclosed April worldwide sales of 100,703 units, an 8.2 percent increase.

However, BMW has outperformed the two companies, reporting sales of 113,078 vehicles in the same period, an increase of 14.8 percent from its results in 2010.

Topics: audi

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