LONDON: Audi produced the eight-millionth Quattro-equipped model recently.
The landmark vehicle was the all-new Q5 SUV in Garnet Red fresh from a brand new plant in San Jose Chiapa, Mexico.
Quattro technology made its debut in 1980, and today it is available in more than 100 model versions.
The quattro all-wheel drive system is standard in the Audi Q7, the Audi A4 allroad quattro, the Audi A6 allroad Quattro, the Audi A8, the Audi R8 and all S and RS models, It is available as an option in all other model series.
In 2015, 44 percent of all Audi customers worldwide chose models equipped with Quattro drive.
The Audi Q5 topped the list with about 262,000 units.
The Quattro models generated particularly strong sales in the US, Canada, Russia and in the markets of the Middle East. In Germany, Quattro sales totaled 122,048 cars.
Audi produces the eight millionth Quattro car
Audi produces the eight millionth Quattro car
Price cuts drive sales of Saudi-owned electric car
- Lucid delivers more vehicles than expected as it prepares to launch luxury new Gravity SUV
RIYADH: The majority Saudi-owned electric car maker Lucid delivered more vehicles than expected in the past three months as price cuts helped boost demand.
The company delivered 2,394 cars from April to June 30, above analysts’ predictions of 1,940.
Lucid produced 3,838 vehicles in the first six months of 2024 and needs to make more than 5,162 cars by end of the year to meet its annual output forecast of 9,000. It made 8,428 cars in 2023.
“I think at this point everything is shaping for them to achieve that,” said Andres Sheppard, senior equity analyst at Cantor Fitzgerald. Lucid will produce and deliver more cars in the second half of the year because of the usual seasonal effects on the industry, he said.
Demand for electric vehicles has grown more slowly than expected pace in the past year, under pressure from high borrowing costs, economic uncertainties and consumer preference for hybrid alternatives.
Lucid and the market leader Tesla have responded by slashing prices and offering incentives such as cheaper financing options. Lucid, which is 60-per-cent owned by the Public Investment Fund, the Kingdom’s sovereign wealth fund, cut the price of its flagship Air model by 10 percent in February.
Its new Gravity SUV model, a rival for Tesla's Model X, goes into production this year and will cost about $80,000.
