Audi's profits plummet due to disappointing sales in China

Audi's net profit plummeted nearly 90% to €95 million due to declining combustion engine sales in China and a shift to electric vehicles in Europe. CFO Jürgen Rittersberger emphasized the need for urgent intervention, while reports suggest potential factory closures in Germany. CEO Gernot Döllner faces criticism after appearing with Donald Trump, who announced Audi's first U.S. factory investment of $4 billion. Critics argue this violates Audi's political neutrality policies, calling for Döllner's resignation.