Archive for December, 2019
Record-breaking figure for Audi in November: Deliveries up 23.1 percent to around 163,350 cars
AUDI AG delivered around 163,350 cars (+23.1%) to customers worldwide last month, more than ever before in a single month of November. Apart from the strong growth in Europe (+33.0%), which is still due to prior-year effects, record figures in the core regions of North America (+17.3%) and China (+16.8%) contributed to the new record-breaking figure. In turn, the company also exceeded the prior-year cumulative figures for the first time since the start of the year: From January through November the brand with the Four Rings delivered around 1,669,600 premium automobiles (+0.7%).
“Our model initiative is gaining traction globally at the year-end,” says Hildegard Wortmann, Member of the Board of Management for Sales and Marketing at AUDI AG. “North America has been reaping the benefits of the full availability of the new Audi Q3 for the past few months; the two electric models, the Audi e-tron and Audi Q2 L e-tron*, as well as the Audi Q8 bolstered our portfolio in November in China. Despite the increasingly difficult environment, we therefore still expect our deliveries to customers to perform robustly and to see slight growth for 2019 as a whole.”
Deliveries in Europe increased to around 707,650 cars since January, a year-on-year increase of 2.2 percent. The sharp increase of 33.0 percent to around 58,300 units in November is once again also down to prior-year effects associated with the WLTP switchover and model changeovers. In Germany, Audi handed over 19,526 cars to customers in November, an increase of 24.3 percent. Deliveries rose 4.1 percent to 253,443 cars since January. The Audi Q3 (23,303 cars, +67.7%), the Audi A6 (41,899, +18.4%) and the Audi Q8 (5,751 cars, +131.2%) contributed positively to growth in the domestic market.
The North America region saw deliveries increase in November to a new record-breaking figure of 25,230 cars (+17.3%), with around 241,100 vehicles delivered to customers (-3.3%) since the start of the year. In the United States, deliveries increased by 20.7 percent to 20,618 cars in November. Audi delivered 198,261 cars in the United States since January, almost on a par with the prior-year figure (-1.1%). Deliveries in Canada were once again up in November (3,416 cars, +4.4%), with the company delivering 31,829 cars (-10.0%) since the start of the year. Both countries generated strong demand in November for the new Audi Q3, which went on sale in July, (USA: 2,497 cars, +256.7%; Canada: 929 cars; +231.8%) along with the new Audi Q8, which remains market leader in its segment.
In China, 67,402 cars delivered (+16.8%) in November set a new record-breaking figure. Cumulative deliveries were up 3.5 percent to 618,596 units. Growth was driven in part by the high demand for the A6 L (16,559 cars; +9.3%). The Audi Q2 L was also introduced in China as an all-electric model in November. Apart from the locally produced Audi Q2 L e-tron, the Audi e-tron also went on sale in China in the middle of last month.
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Baiduri Bank received the coveted Bank of The Year award from The Banker magazine in an awards ceremony in London. The latest achievement marks the fourth international banking award this year for Baiduri Bank and is the fourteenth time that the Bank has received this accolade. This achievement also marks Baiduri Bank’s sixth consecutive year of receiving the Bank of The Year award.
The Banker’s twentieth annual Bank of The Year awards were presented at a gala black- tie dinner at the Sheraton Grand London Park Lane, London on Thursday 28 November 2019. Mr Ti Eng Hui, CEO of Baiduri Bank received the award on behalf of the Bank.
Speaking about the Bank’s latest achievement, Ti said, “This award is yet another testament to the strides and accomplishments the Bank has made over the past 18 months. This year alone, the Bank has taken significant steps towards moving the organization to greater heights by investing heavily in cutting-edge technology, customer data security and its human resource capabilities.”
Among recent strategic initiatives undertaken by Baiduri Bank is a new digital banking platform targeted for launch in the first quarter of 2020. Other initiatives include enhancing the Bank’s human capital capabilities and the launch a local business skills training series as a long-term commitment to helping develop local business in partnership with Darussalam Enterprises (DARe).
Elaborating on a recent strategic business move, Ti said, “Baiduri Bank has the largest card merchant base in the country. By partnership with DST, Brunei’s premier telecommunications provider to launch an e-Wallet, the synergistic effect will be the creation of the largest digital payment ecosystem in the country with connectivity to regional and international payment platforms.”
Mr Ti Eng Hui, CEO of Baiduri Bank received the award on behalf of Baiduri Bank at the Bank of the Year Awards at Sheraton Grand London Park Lane, London recently
On the topic of human capital, Ti said, “We invested in a world-class online training platform to upskill our personnel with the intention to certify them to global industry standard; and we will soon be moving onto a cloud-based human capital management platform provided by another global service provider.”
“Under our recently launched Management Associate Programme, two candidates will undergo 12 months of intensive development aimed to maximizing their potential and advance in their career within the Baiduri Bank Group.”
Speaking on the latest award, Ti stated, “It gives us great pride in being recognized as the Bank of the Year for Brunei by a leading international financial publication. I would like to thank our customers, business partners and associates for the trust and support they have given us over the years making us the award-winning bank that we are today.”
In determining the award winners, The Banker, the world’s premier banking and finance resource, looks beyond raw data. The editorial team looks for evidence of banks setting new standards for their local industries whether it is through the use of new technology or innovative ways of expanding their business. The judging is carried out by an editorial committee on the basis of submitted entries, data from The Banker’s database and the editor’s personal knowledge of the market.
Earlier this year, Baiduri Bank received three other international awards, the ‘Domestic Retail Bank of the Year for Brunei 2019’ from the Asian Banking and Finance magazine, the ‘Best Banking Group for Brunei 2019’ from World Finance magazine as well as ‘Best Bank in Asia Pacific Region for Brunei 2019’ from Global Finance magazine.