Volkswagen's (VOWG_p.DE) luxury division Audi will miss its benchmark for profitability this year as costs for the diesel emissions scandal and possible recalls of cars fitted with Takata Corp (7312.T) airbags are weighing on results.
First-half operating profit at Audi plunged 18 percent to 2.4 billion euros (2.02 billion pounds) Women's Wendell Smallwood Jersey , including 265 million euros of special items which pushed down the brand's operating margin to 8 percent from 9.8 percent a year ago, Audi said on Friday.
Audi, the main contributor to VW group profit, added 165 million euros of provisions in the second quarter for its emissions scandal and effects of potentially faulty Takata airbags Women's Isaac Seumalo Jersey , raising the amount of funds set aside for both issues since last year to 563 million euros, a spokesman said.
The Ingolstadt-based carmaker, which to date has been targeting a profit margin of between 8 and 10 percent, on Friday said it now expects "a level slightly below this corridor" Women's Jordan Hicks Jersey , without being more specific.
The relapse on profitability coincides with a strategic overhaul at Audi which plans to increase spending on electric cars, digital services and autonomous driving in coming years as part of VW's post-dieselgate shift of business priorities.
"To preserve our innovation and investment course, we will raise efficiency in all parts of the company," finance chief Axel Strotbek said.
VW on Thursday reported a 12 percent drop in quarterly profit at its troubled passenger-car division Women's Nelson Agholor Jersey , a big improvement on the quarter before but highlighting the challenges it still faces to overcome the emissions scandal.
But Audi, which slipped behind Daimler's (DAIGn.DE) Mercedes-Benz last year into third place among the top-selling luxury car brands, said it still counts on more than 20 all-new or redesigned models this year to beat 2015's record 1.8 million auto sales.
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SHENZHEN, China Women's Mack Hollins Jersey , July 23 (Xinhua) -- Team Red of the Chinese men's basketball national team beat Egypt 90-64 to win the third place at the Stankovic Continental Cup 2017 here on Sunday, while Germany defeated Croatia 69-65 for the championship title.
China, who edged out Egypt by 71-70 on Thursday, used a 15-0 run in the middle of the first quarter to set up a lead of 15 points after that period. The host enlarged the lead to 19 before the halftime.
In their first meet on Thursday Women's Donnel Pumphrey Jersey , China led as many as 17 points in the match but almost got defeated by the Egyptians. And the visiting team almost repeated that in today's match. A 7-2 run and another 10-2 in the third quarter cut China's lead to only eight and forced Li Nan, head coach of the Team Red to call to timeout.
Things got improved after the timeout as the Chinese answered with a 8-1 run. From then on, the Egyptians never got the chance to close the gap and could only see the Chinese secured the victory with a lead of 26 points.
""We did cut the lead with some points when we were falling behind."" said Amr Abou Elkhir, head coach of the Egypt team Women's Rasul Douglas Jersey , ""But the Chinese team did better job today to stop us. And my team made some mistakes, which caused us the match.""
All 11 Chinese players except Yuan Shuai had scores while Wang Zhelin led the team with a match-high 18 points. Haytham Khalifa led Ehypt with 16.
""We did better in both defense and offense than we did in the last match against Germany."" said Li Nan. ""I asked my players to put more pressure on our opponents and we had 16 steals in the match, which gave us lots fastbreak chances. And we did great in defense as we outrebounded 36-26. We are improving from every match.""
In Sunday's final, Germany came from behind to beat Croatia 69-65 to win the title. Robin Amaize of Germany was rewarded the MVP trophy of the tournament.
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" People say that if you锟絭e never been underwater Women's Sidney Jones Jersey , you锟絭e only discovered a quarter of the earth. You may say that nature is truly beautiful because of the trees and the animals that roam about. What we don锟絫 know is that under the biggest part of the earth lies another revelation of nature锟絪 beauty. We are on land most of our lives because this is our habitat. Not only until later did we find the way to discover what is deep underwater and let锟絪 face it, not everyone may get the chance to see it for many different reasons. To some who grabbed the opportunity, there is that need to share what they saw and experienced that锟絪 why they take an underwater camera with them to capture the moment.
Many years ago, a camera must never get wet. These gadgets need constant care and must be kept in a dry place. It is different now since you can take it with you as you scuba dive. There are special types of cameras to be used underwater but you may utilize your own digicam. What you will need is just a special housing so water can锟絫 get in.
Taking underwater photo was an interesting hobby for divers until it paved the way to developing underwater video. Now you can take pictures as well as videos under the sea. This is even taken to the edge by movie-makers by letting us watch scenes underwater and even learn aquatic life through educational channels that make use of marine technology.
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