360° Coverage : Audi to invest $30 bn in next five years

6 Updates

Audi to invest $30 bn in next five years

Dec 27 2013, 10:16am CST | by

Berlin, Dec 27 (IANS) German carmaker Audi announced Friday that it would invest an additional 22 billion euros (about $30 billion) in next five years for new models and technologies and increase employment worldwide.

Berlin, Dec 27 — German carmaker Audi announced Friday that it would invest an additional 22 billion euros (about $30 billion) in next five years for new models and technologies and increase...

Filed under: news

YouTube Videos

 
 
 

47 weeks ago

Audi to invest $30 bn in next five years

Dec 27 2013, 10:16am CST | by

Berlin, Dec 27 (IANS) German carmaker Audi announced Friday that it would invest an additional 22 billion euros (about $30 billion) in next five years for new models and technologies and increase employment worldwide.

Berlin, Dec 27 — German carmaker Audi announced Friday that it would invest an additional 22 billion euros (about $30 billion) in next five years for new models and technologies and increase employment worldwide.

The Ingolstadt-based manufacturer said in a statement that the new investment would be made between 2014 and 2018. About 70 percent of the money would be put into model range expansion and new technologies, Xinhua reported.

"With this investment programme we are launching our next stage of growth," said Axel Strotbek, member of the Board of Management of Audi AG for Finance and Organisation.

By 2020, Audi's auto range would include 60 different models, said the company. Currently, 49 models were produced worldwide.

"We are now decisively steering towards our next milestone of two million deliveries. This is why we are keeping our foot on the gas regarding investments and why we are hiring new employees in 2014," said Rupert Stadler, Audi's chairman of the Board of Management.

According to Audi, more than half of the investment would go to its production sites in German cities of Ingolstadt and Neckarsulm. However, several new factories would be set up in other countries.

In 2014, 700 young people would be trained in Ingolstadt and Neckarsulm. More than 1,000 would be hired in Mexico, where Audi planned to build its first factory in North America and produce the Audi Q5 from 2016.

The four-ring brand also planned to add its production in Brazil, Hungarian, as well as in China's Foshan city.

IANS

Source: IANS

 
Update
6

4 weeks ago

FTA could put Audi in reach

Oct 27 2014 8:00am CDT | Source: The Australian

NEW European-built cars could become much cheaper under a possible free-tr ...
Source: The Australian   Full article at: The Australian
 

 
Update
5

4 weeks ago

FTA could put Audi in reach

Oct 27 2014 8:00am CDT | Source: The Australian

NEW European-built cars could become much cheaper under a possible free-trade ...
Source: The Australian   Full article at: The Australian
 

 
Update
4

5 weeks ago

Watch This Audi Become The World’s Fastest Self-Driving Car [VIDEO]

Oct 21 2014 12:11pm CDT | Source: The Daily Caller

'We took a basic RS7 and then we added the intelligence to th ...
Source: The Daily Caller   Full article at: The Daily Caller
 

 
Update
3

5 weeks ago

Audi driverless car hits 140 mph

Oct 19 2014 6:50pm CDT | Source: Fortune

An Audi RS7 performance car will go as fast as 150 miles per hour on a racetrack this weekend -- and no one w ...
Source: Fortune   Full article at: Fortune
 

 
Update
2

7 weeks ago

Audi uses polyamide composites to reduce infotainment carrier weight

Oct 8 2014 7:17am CDT | Source: Business Standard

Fabricated with Tepex and Durethan from Lanxess, this mass-produced component weighs only just over half as much as its steel ...
Source: Business Standard   Full article at: Business Standard
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/27" rel="author">IANS</a>
The Indo-Asian News Service (IANS) was established in 1986, initially to serve as an information bridge between India and its thriving diaspora in North America. Today it is a full-fledged, 24 by 7 agencies putting out the real-time news from India, South Asia and news of interest to this region around the world.

 

blog comments powered by Disqus

Latest stories

Pakistan blocks three Saarc connectivity pacts; Modi, Sharif avoid meeting (Roundup)
Kathmandu, Nov 26 (IANS) Pakistan Wednesday played spoilsport by blocking three major Saarc connectivity projects initiated by India, even as Indian Prime Minister Narendra Modi conspicuously avoided meeting his Pakistani counterpart Nawaz Sharif while he met five other South Asian leaders here.
 
 
One-third of Libyans suffer mental health problems: Report
Tripoli, Nov 26 (IANS) Human rights violations in Libya have left nearly a third of the population suffering from mental health problems, according to a new report.
 
 
1.7 kg of drugs found in Iranian's stomach
Tehran, Nov 26 (IANS) Narcotics weighing 1.7 kg have been found in the stomach of a 20-year-old man in Iran's northeastern Khorasan Razavi province, police said.
 
 
Bangladesh pushes for working South Asian free trade deal
Kathmandu, Nov 26 (IANS) Bangladesh Prime Minister Sheikh Hasina Wednesday called for implementing the free trade agreement (FTA) that the Saarc nations signed nearly a decade ago.
 
 
 

Latest from the Network

Pakistan blocks three Saarc connectivity pacts; Modi, Sharif avoid meeting (Roundup)
Kathmandu, Nov 26 (IANS) Pakistan Wednesday played spoilsport by blocking three major Saarc connectivity projects initiated by India, even as Indian Prime Minister Narendra Modi conspicuously avoided meeting his...
Read more on Politics Balla
 
IS pamphlets distributed in Pakistan
Islamabad, Nov 26 (IANS) Unidentified people have distributed pamphlets of the Islamic State (IS) Sunni radical group in Pakistan's South Waziristan tribal region, residents who have seen the pamphlets said Wednesday...
Read more on Politics Balla
 
Three policemen shot dead in Egypt's Sinai
Cairo, Nov 26 (IANS) A police officer and two recruits were shot dead Wednesday by unidentified gunmen in Arish city in North Sinai province, a security source told Xinhua. "The militants set an ambush for a police...
Read more on Politics Balla
 
Ferguson burns as racial protests spread across US
Washington, Nov 26 (IANS) As night fell, Missouri state in midwestern United States deployed more security forces to quell violence in Ferguson after a grand jury failed to indict a white police officer in the August...
Read more on Politics Balla
 
Indian-origin IS member poses with newborn on Twitter
London, Nov 26 (IANS) An Indian-origin Islamist who skipped bail in Britain to join the Sunni radical group Islamic State (IS) in Syria has posed on Twitter with his newborn son hailing a new "generation" of Islamists...
Read more on Politics Balla
 
Universal picks up Steve Jobs biopic
Los Angeles, Nov 26 (IANS) Universal Pictures has taken over the biopic on Apple co-founder Steve Jobs after Sony Pictures opted out. The news was confirmed by a studio spokesperson, reports hollywoodreporter.com....
Read more on Celebrity Balla
 
'Israel stands with India in its fight against terrorism'
New Delhi, Nov 26 (IANS) Remembering the victims of the 26/11 Mumbai terror attacks, which included four of its citizens, Israel Wednesday said it will always "stand with India" in its fight against terrorism. In an...
Read more on Politics Balla
 
Three killed in eastern Ukraine attacks
Kiev, Nov 26 (IANS) A new round of intense fighting between government troops and independence-seeking insurgents has killed at least three people and wounded five others over the past one day in eastern Ukraine, the...
Read more on Politics Balla
 
When Sharif walks for speech, Modi reads newspaper
Kathmandu, Nov 26 (IANS) The frostiness of ties between India and Pakistan was visible in the Nepalese capital at the 18th Saarc Summit's inaugural session Wednesday. First, Pakistani Prime Minister Nawaz Sharif...
Read more on Politics Balla
 
Lorde, Lena Dunham most important for Taylor Swift
Los Angeles, Nov 26 (IANS) Singer Taylor Swift finds fellow celebrities Lorde and Lena Dunham the "most important" people in her life at the moment. The 24-year-old has praised her friends -- singer Lorde (real name...
Read more on Celebrity Balla