Audi's Cash Pile Continues To Grow- Accounting For 80% Of Volkswagen's War Chest

German carmaker Audi's cash pile grew over the first half of the year, and now accounts for nearly 80 percent of parent Volkswagen's war chest.

The premium carmaker said on Friday its net liquidity rose to more than 9.7 billion euros ($13.7 billion) at the end of June from 9.3 billion euros at the end of December. VW had said on Thursday its automotive net liquidity stood at 12.3 billion.

Volkswagen will likely use part of its cash to buy sports car maker Porsche AG.

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VISO - 7/31/2009 10:09:14 PM

+4 Boost

They should just rename it the Audi Group as Audi is running the show and making the money keeping VW and Porsche afloat.

Joe_Limon - 7/31/2009 11:56:39 PM

+2 Boost

Add a fifth ring?

dumpsty - 8/1/2009 7:07:31 PM

+3 Boost

I agree to some extent.

But didn't Audi own the majority of VW's high-end luxury brands before becoming a wholly-owned subsidiary of VW?

MSP6 - 8/1/2009 2:11:15 AM

+1 Boost

Is Audi more successful than Lexus ? humm...

dlin - 8/1/2009 2:37:22 AM

-6 Boost

Similar in many ways, but at least Lexus provide RWD.

AlexTx - 8/1/2009 10:30:32 AM

+4 Boost

Huh yeah they are...
They sell more than twice as many cars as Lexus does world wide...

VISO - 8/2/2009 9:48:10 PM

+3 Boost

Of course it is. So is everyone else for that matter.

SportsCarAdvisor - 8/1/2009 9:25:53 AM

+6 Boost

Audi is outselling BMW in its home market of Germany. That's a testament to their product at this point.

VISO - 8/2/2009 9:55:40 PM

0 Boost

Actually Audi is outselling if not crushing BMW and Mercedes-Benz in both Europe and China now taking a commanding lead in these two major markets. Audi has shown more strength in the US as well in terms of holding steady. So being leader in two of the world's biggest markets out of three is saying quite a bit. Actually, Audi's global sales rose last month over the same month the previous year. So they gained in sales. Not to mention that growth is strong in other markets as well such as India and Australia. Audi could do better in the US if AoA wasn't so conservative and they brought over more products such as the RS6, TTRS, S3, A5 Sportback, the future A1, S4 Avants, various engine options, and Audi quattro exclusive packages, etc. Wake up AoA!

GermanNut - 8/2/2009 2:49:40 PM

+1 Boost

These results are a testament to the strength of the Audi brand. Audi has refused to use huge discounts and cheap leases to increase its sales like some of its competitors. This has helped Audi to remain profitable as we have seen in the other article which shows Audi's first half results.

With market-leading status in China, the world's largest auto market by annual sales, market-leading status in western Europe, Audi's home base and consistent huge profitability, Audi is poised to become the world's best selling premium luxury brand.