FRANKFURT - Audi AG forecasts a second straight record year of profits. Pre-tax profits for 1998 are expected to rise to about DM1.6 billion ($970 million), almost 50 percent higher than last year's record DM1.1 billion.
Audi increased its forecast for 1998 sales to DM26 billion from an earlier estimate of DM25 billion. Sales in 1997 were DM22.4 billion.
Audi Finance Director Peter Abele said the company was aiming for a 6 percent pre-tax return on sales, up from the 5 percent achieved in 1997.
The company also forecast that 1998 sales would climb to 600,000 vehicles from 546,436 in 1997.