Audi saves Volkswagen’s year, sees 2010 improvement

FROM REUTERS: German luxury carmaker Audi contributed the bulk of Volkswagen’s cash and earnings in 2009 and forecast better results this year as it launches a dozen new models, including the A1 subcompact.

Although BMW  has yet to publish its accounts, it is almost certain that Audi surpassed its Bavarian rival, Daimler’s Mercedes-Benz and even future sibling Porsche as the most profitable premium carmaker in the world — underlining its importance to parent VW. MORE»