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By Bloomberg

Audi AG trimmed its global annual sales forecast, as the world’s second-biggest luxury-car manufacturer faces volatile markets in China and elsewhere.

Audi will deliver more cars this year than last, the Ingolstadt, Germany-based carmaker said Thursday in a statement. Audi had previously said it would sell “significantly more” cars. Its parent Volkswagen AG on Wednesday also lowered its global sales goals.

“We intend to grow also in the full year and will continue to master the many challenges facing us,” sales chief Luca de Meo said in the statement.

Slowing demand in China, Audi’s largest sales region, is weighing on sales and earnings for global automakers, adding to woes triggered by contracting car markets in Latin America and Russia. Earlier this month, Audi abandoned a target to sell 600,000 cars this year in China. It sold 578,932 cars in the country last year.

Revenue this year will also rise, Audi said. The rate of growth will depend on the condition of the global economy, it said. The company repeated a target of an operating return on sales within a corridor of 8 percent to 10 percent.