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Audi reports on first-half results

Jul. 29, 2016 5:38 AM ETVolkswagen AG (VWAGY) StockVWAGYBy: Clark Schultz, SA News Editor1 Comment
  • Audi (VLKAY) is likely to miss profit targets this year after reporting a 18% drop in first-half operating profit to €2.4B ($2.66B). Operating margin was 8% for the period.
  • The luxury brand is battling through the effects of the Takata airbag recall and diesel emissions cheating scandal.
  • Audi sees its full-year profit margin falling slightly below the 8% to 10% goal.

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