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MarketScreener Homepage  >  Equities  >  Xetra  >  AUDI AG    NSU   DE0006757008

AUDI AG

(NSU)
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Audi : considering electric car venture with China's FAW - Automobilwoche

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09/26/2020 | 05:33am EDT
FILE PHOTO:  The logo of China FAW Group Corp is pictured at the Auto China 2016 auto show in Beijing

German premium brand Audi is in talks with long-term partner FAW Group about creating a second joint venture to build electric cars on its PPE platform in China, Germany's Automobilwoche reported on Saturday.

Audi and FAW have a Chinese joint venture to build combustion-engined cars in the northeastern city of Changchun and the southern city of Foshan.

An Audi spokeswoman declined to comment on the report.

(Reporting by Edward Taylor; editing by Jason Neely)


Stocks mentioned in the article
ChangeLast1st jan.
AUDI AG -0.62% 1610 Delayed Quote.101.25%
VOLKSWAGEN AG 1.06% 139.06 Delayed Quote.-21.10%
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Financials
Sales 2019 55 680 M 66 042 M 66 042 M
Net income 2019 3 850 M 4 566 M 4 566 M
Net cash 2019 17 334 M 20 560 M 20 560 M
P/E ratio 2019 8,94x
Yield 2019 -
Capitalization 69 230 M 81 948 M 82 114 M
EV / Sales 2018 0,29x
EV / Sales 2019 0,31x
Nbr of Employees 89 084
Free-Float 0,36%
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Managers
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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