Audi chief executive Rupert Stadler told Reuters he expects Audi to overtake BMW as the world’s top luxury carmaker “by 2020 at the latest.”
Mercedes-Benz maintains a clear U.S. sales lead among luxury brands, however. With the highest first-half sales figures in its 47-year history, the German brand extended its lead past second-place BMW, the Detroit News reports.
Despite a strong yen sapping profits and curtailing production of cars in Japan, Toyota aims to keep building most of its Lexus luxury division in Japan, Automotive News reports.