INGOLSTADT, Germany: Luxury car marque Audi, owned by Europe's biggest automaker Volkswagen, has risen above the economic gloom and announced a 37% increase in first-half profits, driven by demand for its new A4 and A5 models.

The company reported net income of €930 million ($1.46bn; £733m), versus €679m in the same period last year. Sales rose by 0.1% to €17.4 billion.

Ceo Rupert Stadler aims to sell one million vehicles for the first time this year, a 3.7% gain on 2007. This is slated to rise to 1.5m annually by 2015.

Data sourced from (Germany); additional content by WARC staff