Audi extends CEO Rupert Stadler contract by five years

Article by Christian A., on May 15, 2014

Volkswagen Group has extended the contracts of three members of its management board. Those who received contract extensions were Audi chief executive Rupert Stadler, VW sales and marketing chief Christian Klingler and VW China head Jochem Heizmann.

According to German newspaper Frankfurter Allgemeine Zeitung, Stadler and Klingler’s contracts were both extended by five years while Heizmann’s contract was extended by two years. Stadler has been the top man at Audi since 2007 after succeeding current VW Group CEO Martin Winterkorn.

Klingler has been the global head of sales and marketing at the group since 2010 while Heizmann has been leading VW China since 2011. Audi is aiming to overthrow BMW as the best-selling luxury brand in world with annual vehicle sales of 2 million vehicles by the end of the decade.

In 2013, Audi sold 1.58 million vehicles, just behind BMW (1.66 million vehicles) and ahead of Mercedes-Benz (1.46 million units). Audi, however, lags heavily in the United States, selling only 158,061 units in 2013, compared with 334,344 delivered by Mercedes and 309,280 sold by BMW.

The trend continues this year. In the first four months of 2014, Audi delivered 50,881 units in the US, while Mercedes and BMW sold 105,519 units and 97,579 vehicles, respectively. [source: automotive news europe - sub. required]

Topics: audi, ceo

If you liked the article, share on:

Comments

Recommended

There is indeed very good news for fans and enthusiasts of Mercedes-Benz’s AMG GT range: a Black Series is coming to town. This was according to a report by Australian...
by - September 21, 2017
We all know of the standard M4 and the more powerful M4 GTS model, but in between those two models is the newest M4 CS. The CS trim comes with...
by - September 21, 2017
Hyundai has unveiled to the global public its latest sedan that elegantly combines luxury and performance in one innovative package under its Genesis luxury brand – the new Genesis G70....
by - September 21, 2017
A lot of people have been questioning BMW’s design direction lately, albeit the beautiful Z4 concept and the alluring 8 Series concept are excluded from this narrative. This began after...
by - September 20, 2017
We first saw the Galibier Concept eight years ago when Bugatti unveiled it. But today, it seems like they still have not given up on the development of an ultra-luxury...
by - September 20, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries