Audi said on Friday that it now has cash reserves totaling more than EUR9.7bn (US$13.7bn), up from EUR9.3bn at the end of December.

Parent company Volkswagen reported on Thursday that its automotive net liquidity stood at EUR12.3bn at the end of June.

Audi said its net cash flow totaled EUR1.37bn in the first half of the year, less than the EUR1.48bn it recorded in the year-earlier period.