MUNICH -- The head of Volkswagen's luxury brand Audi reaffirmed its 2004 forecast for flat profits despite rising car sales and revenues.
"We'll finish the year better in terms of both vehicle sales and revenues," Audi Chief Executive Martin Winterkorn said on Monday on the sidelines of a conference.
Earnings would be stagnant as previously forecast, he added.
Last year, Audi delivered 769,893 vehicles to customers, increasing 3.7 percent from the year before due primarily to strong sales of the A4 cabrio, the A3 compact and the A8 full-sized saloon.
Winterkorn was less optimistic about the brand's chances for sales growth in the U.S. market, where most carmakers have been forced to offer high rebates in order to sell autos.
"I hope that we'll exceed the previous year's sales, but we're not prepared to participate in everything," Winterkorn said.
In the first half of 2004, Audi sold 7.6 percent fewer cars in the United States than in the previous year.
The Audi boss added that he aimed to boost car sales in China, but declined to reaffirm a previous forecast for sales of 70,000 vehicles this year.
"I cannot confirm the 70,000," he said.
During a visit by the Chinese Prime Minister to Audi's headquarters in Ingolstadt in May, Winterkorn said he expected to boost sales by about 10 percent to 70,000 vehicles if first-quarter trends continued.
In 2003, Audi deliveries to China rose by more than 70 percent to 63,531 cars.