Audi could hit two million car sales goal ahead of 2020

German luxury carmaker Audi could reach its goal of 2 million sales a year before its 2020 target, helped by revamped models and new sport-utility vehicles, its chief executive told Reuters. Rupert Stadler said demand in Europe, where Audi sold 44 percent of its cars last year, was stable, while he was upbeat about prospects for China, where some rivals have reported a drop-off in demand as economic growth slows. Audi is the profit engine of Volkswagen (VOWG_p.DE), Europe's biggest carmaker, and its sales goal is a key part of the parent company's drive to overtake Japan's Toyota to become global industry leader. German rival BMW (BMWG.DE) retained the global luxury car sales crown for a tenth straight year in 2014, but Audi and Daimler's (DAIGn.DE) Mercedes-Benz have reduced its lead and are striving to unseat BMW by the end of the decade.

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