BERLIN (Bloomberg) – Volkswagen AG's Audi luxury division reported record global deliveries for 2010, powered by the highest-ever sales in China and the U.S.
Audi sold 1.09 million cars and SUVs last year, an increase of 15 percent from 2009, the company said Friday in a statement. December deliveries of models including the A1 compact and A7 coupe rose 12 percent to 88,500 units.
“We set a historic sales record in the U.S. market while achieving the best earnings in a long time,” sales chief Peter Schwarzenbauer said in the statement.
Audi hopes to pass BMW AG, to become the world's largest maker of luxury cars by 2015. Audi sold 227,938 cars and SUVs in China last year, a 43 percent gain, while U.S. deliveries rose 23 percent to 101,629 units.
The manufacturer intends to invest 11.6 billion euros ($15.1 billion) worldwide outside China on new products, plants and technologies over the next five years. Volkswagen's Chinese joint ventures will spend 10.6 billion euros in the world's biggest auto market through 2015.
Audi CFO Axel Strotbek said in December that the booming Chinese market, where the automaker is the leading seller of premium vehicles, will help boost global sales to another record this year.