Audi and China

manufacturer sales: Audi was particularly troubled by waning demand in the People Republic, which was likely due to a combination of anti-corruption measures and recent stock market turbulence that saw shares shed nearly a third of their value within a month before regaining some ground, according to Deutsche Welle. The Ingolstadt-based manufacturer saw sales drop 5.8 percent in June, following another dip in May. But that didn't stop the companies from logging record-high sales from January to June this year. In the period from January to June, however, Audi moved a total of 274,000 vehicles in China - enough to maintain its status as China No. 1 luxury car brand. 0:00:00 0:00:00EU companies finding it hard in China "So far, 2015 has been a challenging year for us," said Audi chief Luca de Meo. "Many markets have become more difficult, especially in Asia and Eastern Europe." But Audi said its global sales for the first six months of the year had reached 902,400 vehicles - a record sum for the maker of the popular A4 sedan. The Munich-based carmaker global sales topped 1.1 million. BMW also recorded a 0.1 percent drop in June sales in China, but they were still able to sell 230,000 cars and sports utility vehicles there in Q1 and Q2. (news.financializer.com). As reported in the news.