Berlin: Volkswagen's premium brand Audi must work with the group towards a comprehensive restructuring, the subsidiary's finance chief said on Monday, after reporting declining sales in the first half of the year due to weakness in China and the U.S. "Global challenges are increasing the pressure to act," Audi CFO Juergen Rittersberger said.
"To remain competitive on the global stage, we must work together with the Volkswagen Group to realign our business model and implement large-scale structural improvements."
