These will be joined by four new plug-in hybrids and five EVs.
Some of the German automakers had their annual press conferences this week to look back at 2019 results and provide a glimpse into the future as well. VW teased the second-generation Amarok with Ford ties while BMW disclosed plans to build all-electric 7 Series for the flagship sedan’s next iteration. As for Audi, it announced the names of a few models it will reveal later this year.
According to Bram Schot, Chairman of the Board of Management, 2020 will be the year when the Q2 will get the typical mid-cycle facelift. It doesn’t come as a big surprise Audi’s baby crossover is going to receive a nip and tuck in the months to come taking into account we’ve seen plenty of spy shots with camouflaged prototypes undergoing testing.
The cosmetic revisions will be mainly limited to redesigned headlights and taillights to bring the pint-sized crossover in line with its bigger brothers, along with mildly modified bumpers. We wouldn’t get our hopes up too high for an RS Q2 since Audi Sport recently said it doesn’t plan to launch an RS car with a four-cylinder engine, hence why there also won’t be an RS1 Sportback.
Confirming a rumor that made the headlines just a couple of days ago, Bram Schot announced plans for a first-ever Q5 Sportback to go head to head with the BMW X4 and the Mercedes GLC Coupe. It will likely be based on the facelifted version of the regular Q5 and should get a warm SQ5 Sportback variant to fight the “M40i” and “43” models from Bavaria and Stuttgart, respectively. With Audi Sport expressing its desire to launch more SUV, there’s a pretty good chance RS Q5 models are also in the pipeline.
It goes without saying the Q5 beaten with the coupe stick will command a premium over the conventionally styled model, much like its swoopy rivals are pricier than the normal versions they’re heavily based upon.
There’s more to come from Audi this year as Bram Schot also said four new plug-in hybrid models will be added to the lineup. Chances are the new S3 Sportback will also be introduced seeing as how the Four Rings have already released comprehensive technical details and revealing images. The year’s end will also bring us the production-ready E-Tron GT as Audi’s take on the Porsche Taycan, and we might also see the A3 Sedan before 2020 wraps up. In total, Audi says it will introduce approximately 20 new models this year, including five EVs.
As a final note, the announcement concerning the new models was made after Bram Schot told the media Audi will gradually shut down the factories in Ingolstadt, Neckarsulm, Brussels, San José Chiapa, and Győr by the week’s end as a result of the coronavirus outbreak.
Financial year 2019: AUDI AG achieves its financial targets and sets a course for long-term competitiveness
- CEO Bram Schot: “Exceptional situation due to corona: we are focusing on protecting our employees, contractors and guests and making the right business decisions in this volatile environment.”
- In a difficult environment, Audi achieves its financial targets for 2019
- Operating profit of €4.5 billion; 8.1 percent operating return on sales is within forecast corridor for 2019
- Net cash flow slightly above forecast target at €3.2 billion
- CEO Bram Schot: “We have held our own against the competition with a stable return development”
- Increased focus on earnings quality
- Audi Transformation Plan (ATP) is delivering: accumulated €4.4 billion already achieved of overall €15 billion target by 2022
- CFO Dr. Arno Antlitz: “In order to achieve our ambitious return targets, we are consistently utilizing efficiency potential, tightening our cost discipline, and creating scope for future growth through targeted investments”
- Numerous presentations and launches of electric models in 2020
- CFO Dr. Arno Antlitz: “Our current focus is on the health of our employees and their families worldwide. Our task is to protect the company’s liquidity and stability and to stabilize core processes.”
Audi steered a steady course through a challenging 2019 financial year. The car manufacturer systematically reduced its WLTP inventories and achieved slightly higher deliveries for the Audi brand than in the previous year in a highly competitive environment. Revenue of €55.7 billion reflects the high demand for SUVs and top-end models. Operating profit and operating return on sales reached €4.5 billion and 8.1 percent. The Audi Transformation Plan (ATP) contributed €2.5 billion in the 2019 financial year. Significantly strengthened spending and investment discipline are reflected by the improved return on investment (12.7 percent). Audi is pushing ahead with its electrification initiative with numerous electric models this year. The company is intensifying the synergies with the Volkswagen Group now also in software development. Against the backdrop of the spread of the coronavirus and the unclear effects on the economy, the manufacturer sees major challenges in the year 2020 and is focusing on the health of employees worldwide and on the liquidity and stability of the business.