Audi Posts Drop In Q1 Profit

Audi AG AUDVF reported a fall in its first-quarter pretax profit. Audi's pretax profit for the quarter dropped to 1.43 billion euros ($1.87 billion), versus EUR1.51 billion, in the year-ago period. Its revenue fell to EUR11.73 billion from EUR12.39 billion, while operating profit margin declined to 11.1% from 11.4%.