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MarketScreener Homepage  >  Equities  >  Xetra  >  AUDI AG    NSU   DE0006757008

AUDI AG

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AUDI : New line-up for Audi in motorsport

11/30/2020 | 08:13am EST

Audi

MediaInfo

New line-up for Audi in motorsport

  • Head of Audi Motorsport Dieter Gass devotes himself to new tasks
  • Factory and customer racing under the roof of Audi Sport GmbH
  • Audi Sport Managing Director Julius Seebach will also become Head of Audi Motorsport

Neuburg a. d. Donau, November 30, 2020 - In the course of its transformation, AUDI AG is also repositioning itself in motorsport. Factory and customer racing have already been successfully merged within Audi Sport GmbH. Managing Director Julius Seebach will also take over the management of Audi Motorsport. The close integration of motorsport with the technical development department under the leadership of Oliver Hoffmann will remain unchanged.

From December 1, 2020, Julius Seebach will assume responsibility for the company's international motorsport activities in addition to his role as Managing Director of Audi Sport GmbH. Dieter Gass, who has held management positions at Audi Sport for almost ten years and was jointly responsible for the sporting success as Head of Audi Motorsport from 2017 to 2020, will devote himself to new tasks in the future following the successful conclusion of the factory program in the DTM.

"I am convinced that Julius Seebach is the right person for the repositioning of the motorsport activities," says Markus Duesmann, Chairman of the Board of Management and Board Member for Technical Development of AUDI AG. "On behalf of the entire Board of Management, I would like to thank Dieter Gass for his tireless efforts. Above all, he stands for the almost unbelievable success we have had in the DTM, especially in the last two years. But, Dieter Gass is also responsible for the successful entry into Formula E. I myself have been in motorsport for almost my whole life and I know how much passion and personal commitment is necessary to be successful in motorsport."

After earning a master's (German diploma) degree in Electromechanical Engineering Design (EMK) at the Technical University Darmstadt, Gass gathered initial professional experience with AUDI AG in Ingolstadt in development and testing of anti-lock braking systems. From November 1994 to March 2001, he worked for Audi Sport as an engineer and race engineer. From 2001 to 2011, Dieter Gass was involved in the Toyota and Lotus Formula 1 projects in leading roles, before returning to AUDI AG at the beginning of 2012. In the newly created position as Head of Racing Commitments, Gass played an instrumental part in achieving Audi's title wins in the FIA World Endurance Championship (WEC). In 2013, as Head of DTM, Gass took over the popular international touring car series at Audi. In 2017, Gass succeeded Wolfgang Ullrich in the role of Head of Audi Motorsport. Since then, Gass has been responsible for all of Audi's international factory commitments in motorsport.

Audi

MediaInfo

"The DTM finale at Hockenheim was a very emotional moment for me," says Dieter Gass. "The DTM has shaped my life over the past eight years. It was an incredibly intense time during which my family didn't see me very often on weekends. That's why the end of the DTM era, as we all know it, is a good opportunity for me to also start something new, especially since 2020 was a particularly intense year due to the integration of factory racing into Audi Sport GmbH. I would like to thank the entire squad, our teams, drivers and partners. The cooperation has given me great pleasure. I am very pleased that motorsport will remain an important part of Audi's corporate strategy in the future and I am convinced that Audi Sport will continue to be successful in its new set-up. With Markus Duesmann and Oliver Hoffmann, two real racers are at the forefront, who, despite their enormous responsibility for the entire company, do not forget us motorsport enthusiasts."

Motorsport Communications

Stefan Moser

Tel.: +49 171 4000379

E-Mail: stefan1.moser@audi.de

www.audi-mediacenter.com/en

The Audi Group, with its brands Audi, Ducati and Lamborghini, is one of the most successful manufacturers of automobiles and motorcycles in the premium segment. It is present in more than 100 markets worldwide and produces at 17 locations in 11 countries. 100 percent subsidiaries of AUDI AG include Audi Sport GmbH (Neckarsulm, Germany), Automobili Lamborghini S.p.A. (Sant'Agata Bolognese, Italy) and Ducati Motor Holding S.p.A. (Bologna, Italy).

In 2019, the Audi Group delivered to customers about 1.845 million automobiles of the Audi brand, 8,205 sports cars of the Lamborghini brand and 53,183 motorcycles of the Ducati brand. In the 2019 fiscal year, AUDI AG achieved total revenue of € 55.7 billion and an operating profit of € 4.5 billion. At present, about 87,000 people work for the company all over the world, 60,000 of them in Germany. With new models, innovative mobility offerings and other attractive services, Audi is becoming a provider of sustainable, individual premium mobility.

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Disclaimer

Audi AG published this content on 30 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2020 13:12:03 UTC


© Publicnow 2020
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Financials
Sales 2019 55 680 M 67 514 M 67 514 M
Net income 2019 3 850 M 4 668 M 4 668 M
Net cash 2019 17 334 M 21 018 M 21 018 M
P/E ratio 2019 8,94x
Yield 2019 -
Capitalization 70 090 M 83 470 M 84 986 M
EV / Sales 2018 0,29x
EV / Sales 2019 0,31x
Nbr of Employees 89 084
Free-Float 0,36%
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Income Statement Evolution
Managers and Directors
NameTitle
Markus Duesmann Chairman-Management Board
Herbert Diess Chairman-Supervisory Board
Arno Antlitz Chief Financial Officer
Dirk Große-Loheide Head-Procurement & Information Technology
Hans-Michel Piëch Member-Supervisory Board
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