Audi Q3 Profit Drops 18%

Volkswagen AG (OTC: VLKAY ) subsidiary Audi AG reported a drop in its third-quarter profit. Audi's quarterly net profit declined 18% to 954 million euros ($1.29 billion), while revenue fell 7.2% to EUR11.73 billion. Volkswagen shares closed at $48.96 on Friday. (c) 2013 Benzinga.com. Benzinga does not provide investment advice. All