Audi has reported another disappointing quarter, with operating profit shrinking by an astonishing 91 percent over the past three months.
The decline is partly due to restructuring efforts, including the upcoming closure of Audi’s factory in Brussels.
The luxury automaker is grappling with heightened competition, limited access to spare parts, and a challenging market environment. Sales of Audi, Bentley, and Lamborghini vehicles dropped by 10.9 percent in the first nine months of the year.
Audi, in particular, is feeling the impact.