Audi Seeks to Double Return on Sales by 2025, Spiegel Reports

Volkswagen AG’s Audi is setting itself ambitious profitability targets even as the luxury-car division expands its electric-vehicle sales efforts, Der Spiegel reported, citing people familiar with the matter.

Chief Executive Officer Markus Duesmann plans to make Audi the VW group’s biggest profit contributor, targeting a return on sales of more than 11% in 2025, up from 5.5% last year, the magazine said Saturday.