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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Audi counts on China in bid for new sales record AFP - Saturday, July 31 Send IM Story Print Audi counts on China in bid for new sales record Slideshow: Full Photo Coverage: Business & Economy FRANKFURT (AFP) - – German luxury car maker Audi, owned by Volkswagen, said Friday it was aiming for record sales this year with help from China where a price war might be brewing with rivals BMW and Daimler. Audi is targeting sales of "more than 200,000 units in 2010" in China and "around 300,000 in 2012," sales chief Peter Schwarzenbauer told a telephone news conference. Last year, Audi sold 159,000 vehicles in China, where VW is firmly implanted, a figure that represented 17 percent of all deliveries. Now the biggest car market in the world, China has been good to German luxury car makers but a price war might be on the horizon there. Echoing comments made by Daimler, Audi said that "some manufacturers have started more aggressive pricing in China." On Tuesday, Daimler boss Dieter Zetsche said its Mercedes-Benz brand would not cut prices to gain a bigger slice of the market. Globally, Audi said it wants to top its 2008 record of one million vehicles sold, which would represent a gain of 13.7 percent from the 2009 level. In the United States, where it trails BMW and Mercedes Benz, Audi hopes to sell more than 100,000 autos this year. The German car maker also expects to make a full-year operating profit margin on the order of 7.6 percent, the level it reached in first half of 2010. Audi confirmed its position as VW's leading breadwinner in the first six months of the year, contributing an operating profit of 1.3 billion euros. - Dow Jones Newswires contributed to this story - Recommend Send IM Story Print Related Articles FOREX-Dollar falls to 8-month low vs yen on U.S. data Reuters - 28 minutes ago Delta's Northwest pleading guilty to price fixing Reuters - 41 minutes ago US STOCKS SNAPSHOT-Profits lift stocks to best month in a year Reuters - 51 minutes ago Brookfield Properties to be pure-play office firm Reuters - 53 minutes ago DEALTALK-White knight could be elusive for Genzyme Reuters - 1 hour 25 minutes ago News Search Top Stories New BP boss vows to stay the course in Gulf clean-up Colombian guerrillas propose talks on conflict : video US growth slows fueling recovery fears US economic growth 'welcome sign' but more needed: Obama New boss vows no BP pullback from Gulf oil crisis More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Argentine students crack three-decade-old murder mystery Calcium supplements linked to heart attacks: study US Fed official warns of 'Japanese-style' stagnation At least 140 dead in DR Congo river disaster Shell defends deep-water oil production, as profits soar More Most Viewed » Parachuting donkey shocks Russian beachgoers Argentine students crack three-decade-old murder mystery World's first full face transplant man appears on TV Paris Hilton caught with cannabis in handbag Quark by quark, atom smasher closing in on 'God particle' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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