European Car Guide

While the U.S. auto industry found itself struggling in terms of car sales and profits during the last quarter of 2007, its European counterparts were positioned on top. Take for example the case of the German automobile manufacturer Audi AG.

IHT.com reports that the luxury car maker registered a profit rise of 26 percent last year with earnings amounting to nearly 1.7 billion euros. During a news conference, Audi CEO Rupert Stadler announced that all of the company’s key financial figures soared to new record levels. As for sales, Audi fared well in most of its key markets, particularly Western Europe and China.

This development only proves that the European auto industry is doing quite well. I guess it’s about time for the U.S. car makers to reflect on how to revitalize the weakening U.S. auto industry. Or they run the risk of getting left behind by their regional counterparts.