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  • Home
  • World

    Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman Highlights Key Policy Measures to Promote Export-led Growth at Exim Bank’s Trade Conclave

    Tobacco control efforts protect 6.1 billion people – WHO’s new report

    MB Patil Showcases Karnataka’s Investment Potential During Denmark Roadshow

    Roche’s Lunsumio and Polivy combination significantly prolongs remission for people with relapsed or refractory large B-cell lymphoma

    | Meghna Ghodawa-
PHOTO CREDIT-

    Beat the monsoon greys in style with India’s first UPF resort-wear line by Meghna Ghodawat

    PHOTO CREDIT:The Jamaica Tourist Board (JTB)

    Jamaica Tourism Launches a Brand-New Campaign “70 Days of Jamaica Love” to Celebrate 70 Years of Jamaica

  • National
    • All
    • Economy & Politics
    • Election

    New Passenger Reservation System Capable of generating over 1.5 lakh rail tickets per minute, i.e. about five times the current capacity of 32000 tickets in a minute, to be ready by year end.

    Dharmendra Pradhan presides over kick-off programme for distribution of footballs as part of F4S at PM SHRI Kendriya Vidyalaya, Fort William, Kolkata

    Viksit Krishi Sankalp Abhiyan’ is not just a ritual, but a concerted effort by scientists to improve the condition of farmers- Union Minister Shivraj Singh Chouhan

    Rinac India Limited and Epta Announce Strategic Partnership to Elevate India’s Food Retail Refrigeration Landscape

    Jockey Woman continues to shape India’s intimate wear landscape with strategic expansion

    Live phone-in program from Bangalore Water Board on June 27th,2025.

  • Business

    Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, chaired the annual review meeting with MDs and CEOs of Public Sector Banks in New Delhi today

    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman visits International Financial Services Centre (IFSC) at GIFT City, Gandhinagar, today

    Sarbananda Sonowal Inaugurates India’s First Maritime NBFC — Sagarmala Finance Corporation Limited (SMFCL)

  • Health

    Apollo Cancer Centres Launches ‘CanWin’.

    Protect and Perfect: How Face Yoga and Sunscreen Can Transform Your Skin

    Panasonic-partners-with-MeitY-Nasscom-Centre

    Panasonic partners with MeitY Nasscom Centre of Excellence (CoE) to accelerate innovation in Smart Residential Living

    Herbalife Logo

    Herbalife’s Aloin Identification Method for Aloe Vera Officially Recognized by AOAC INTERNATIONAL

    “Indian patients no longer need to look abroad for advanced treatment,” said Dr. Sharat Damodar, Senior Consultant, Haematologist and Head of Adult BMT at Narayana Health City, Bengaluru and Chairman of the Oncology Collegium at Narayana Health.

    WHO issues first global guideline to improve pregnancy care for women with sickle cell disease

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    Jockey Woman continues to shape India’s intimate wear landscape with strategic expansion

    AMD Unveils Vision for an Open AI Ecosystem, Detailing New Silicon, Software and Systems at Advancing AI 2025

    U.S. Insurers to More than Double AI Investment in the Next 3-5 Years: Wipro Report

    Union Minister for Agriculture and Farmers Welfare Shivraj Singh Chouhan to visit Hyderabad on Monday

    Inaugural program of “Vidhan Soudha Guided Walking Tour” on May 25.

    LTIMindtree Signs MoU with IIM Mumbai to Launch Postgraduate Program for Executives in AI-led Experience Design

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    PHOTO CREDIT:Amruta Fadnavis

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    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

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    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

    Sri Sai Gold Palace’s 7th store inaugurated in Malleshwaram,Bengaluru.

    Lulu Mall Hosts Bangalore’s Biggest Non-Alcoholic Holi Celebration

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    Jockey Woman continues to shape India’s intimate wear landscape with strategic expansion

    Anantha Foods Opens Its Third Outlet in Bengaluru

    Board Games & Brews: McCafé hosts community Game Night

    Apollo Cancer Centres Launches ‘CanWin’.

    Protect and Perfect: How Face Yoga and Sunscreen Can Transform Your Skin

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    Panasonic partners with MeitY Nasscom Centre of Excellence (CoE) to accelerate innovation in Smart Residential Living

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CEO Markus Duesmann: “We are on the verge of the biggest product initiative in our history”

FWM by FWM
March 16, 2023
in Auto
0
CEO Markus Duesmann ”

CEO Markus Duesmann ”

03/16/23 Ingolstadt

AUDI AG’s Annual Media Conference saw CEO Markus Duesmann and CFO Jürgen Rittersberger address current topics. Alongside the key financials for the 2022 fiscal year, the pair focused on strategic decision-making, spotlighting holistic sustainability, and the upcoming model initiative. The key statements at a glance:

On the year 2022 and the annual financial statements …

Markus Duesmann: “Even here in Germany, we are feeling the impact of the Russian war of aggression against Ukraine quite directly – primarily due to energy shortages, supply bottlenecks and the challenging geopolitical situation. In view of this volatile environment, we can be particularly proud of what we achieved last year. This result required lots of hard work and collaborative efforts.”

Jürgen Rittersberger: “We responded to the challenges of 2022 consistently and by taking active countermeasures. These factors and the great dedication of our entire team have made it possible to announce a strong financial performance.”

Jürgen Rittersberger: “Our operating profit stood at a record 7.6 billion euros. Operating return on sales reached a strong 12.2 percent. All this shows that we navigated the turbulent year of 2022 well and consistently made the most of opportunities. The same goes for our strong net cash flow, which hit the second-highest level in our company’s history.”

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Jürgen Rittersberger: “2022 was an impressive demonstration of just how robust and profitable our Brand Group of Audi, Bentley, Lamborghini and Ducati really is.”

On the product portfolio and the upcoming model initiative …

Markus Duesmann: “Sales of all-electric models increased by 44 percent year on year. The high demand for our Audi Q4 e-tron, Audi e-tron GT

and Audi e-tron models confirms that we are on the right track toward e-mobility.”

Markus Duesmann: “We are on the verge of the biggest product initiative in our history. By 2025, we will have launched around 20 new models, more than 10 of which will be all-electric. We have set the course to go 100% electric. By 2027, we seek to offer an all-electric vehicle in each core segment. We recently decided to launch an additional electric entry-level model below the Audi Q4 e-tron as well.”

Markus Duesmann: “The upcoming Audi Q6 e-tron model series is the first to be based on the new Premium Platform Electric. With it, e-mobility is coming from Ingolstadt for the first time.”

On holistic sustainability …

Markus Duesmann: “To make sure we are in a viable position in such a different environment going forward, we will also be adapting our organizational structure. By consolidating key topics such as ESG, digitalization and new business models in the CEO’s division, we are lending them even greater weight.”

Markus Duesmann: “We are acutely aware of our responsibility in dealing with resources. That’s why the circular economy plays such an important role for us. In the future, we will recycle secondary materials from end-of-life vehicles back into the production of our cars. As part of our MaterialLoop pilot project, we are working with suppliers, recycling companies and academic partners to upskill in this area.”

Jürgen Rittersberger: “At Audi, ESG goes beyond the product. We are convinced that a sustainable business model includes not only environmental considerations but also social responsibility. We have our performance measured by an independent rating agency based on strict criteria.”

On the outlook for 2023 …

Jürgen Rittersberger: “We have again set ambitious annual goals for 2023, even as general conditions will remain challenging.”

Markus Duesmann: “Demand for e-mobility remains high. In January and February 2023, our sales of all-electric vehicles worldwide were up almost 40% compared to the same months last year. February also marked the launch of the Q8 e-tron in most European countries. We have some 20,000 pre-orders on the books, confirming that demand for sustainable electric mobility is booming.”

FWM

FWM

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