27 Dec '13, 4pm

Audi Investing In Product Offensive

Audi Investing In Product Offensive

Audi is launching a five-year, €22 billion ($30.4 billion) investment initiative of which 70 percent will be dedicated to new models and new technologies, between 2014 and 2018. The company explained the expenditures will flow into new models, innovations and the continuous expansion of the worldwide production network. 70 percent of the investments is intended for new models and technologies. Audi added the German production sites will also benefit from the largest technical development and investment program in company history – more than half of the planned investment will go to the Ingolstadt and Neckarsulm sites. “With this investment program we are launching our next stage of growth,” said Axel Strotbek, Member of the Board of Management of AUDI AG for Finance and Organization. “In the future, we will be investing increasingly in new products: 70 percent is intended ...

Full article: http://www.hybridcars.com/audi-investing-in-product-offen...

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