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Volkswagen's Audi Sticks to Sales Target, After October Rise

By Chris Reiter

Nov. 10 (Bloomberg) -- Audi AG, Volkswagen AG's luxury-car brand, stuck to its goal to sell a million cars this year, after sales rose 7.2 percent last month led by growth in China and Italy.

Audi sold 82,400 cars and sport-utility vehicles in October, the Ingolstadt, Germany-based company said in an e-mailed statement today. Ten-month sales rose 3.3 percent to 844,700 vehicles.

``Despite the current difficult economic situation, we will achieve our 2008 goal of selling one million cars,'' Peter Schwarzenbauer, Audi's head of sales, said in the statement.

Still, Audi said it planned to use the Christmas break to adjust production in line with demand.

To contact the reporter on this story: Chris Reiter in Berlin at creiter2@bloomberg.net

Last Updated: November 10, 2008 04:02 EST

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