Audi, the luxury unit of Volkswagen AG, reported on first-quarter operating profits rose 28.2 percent to 514 million euros ($805 million) and stuck to its forecast for a full-year increase.

“The increase in vehicle sales that the Audi Group is striving for, together with further productivity gains and process improvements, will be reflected in the group’s revenue and profitability numbers, which will again advance year on year,” Audi said in a statement.

April 29th, 2008 | On The Road | 0 comments | Continued