Audi AG hopes to sell 950,000 cars this year, a new record, and also hopes to beat last year's net profit, it said Tuesday.
"With a target of 950,000 vehicles, we assume that we will outperform the previous year in terms of earnings and yields," Stadler said.
He also said the Ingolstadt-based maker of the popular A4, among other models, plans to introduce a hybrid version of its Q7, but did not say when.
As for any plans to build a U.S. factory to take advantage of the weaker dollar and hedge its exposure to currency fluctuations, he said that the company has not "included a U.S. factory in the current planning scenario," but said that would be a logical step because it would be of long-term strategic significance.
From January to June, the company's sales rose 12.4 percent to EUR17.4 billion (US$24 billion). Net income rose to EUR679 million (US$936.7 million) in the period.
Shares of Audi gained nearly a quarter of a percent to EUR539.80 (US$744.65) in Frankfurt trading.
According to a source in the Russian Defence Ministry, Russia started deploying elite commando units in eastern Libya. Russian GRU officers, mercenaries and advisors have arrived in Libya