Audi to bring back lower-priced models as chip shortages ease after bumper 2022
Volkswagen-owned Audi forecast sizeable revenue growth in 2023 to 69-72 billion euros (USD 149.53 billion) from 61.8 billion last year, but expects a more conservative earnings margin as higher costs weigh on profits. The premium brand had a bumper year in 2022 with earnings up 40% to 7.6 billion euros as it prioritised production of higher-priced products during the chip shortage.
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