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...

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30 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

3 days ago

First of a new sort

Jul 25 2014 1:53pm CDT | Source: Business Standard

Audi's A3 heralds the birth of a sedan that promises luxury and performance while providing an affordable upgrade to the ex ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
5

6 days ago

Mercedes Picks Up the Pace in China

Jul 22 2014 1:55am CDT | Source: WSJ.com: Asia Home

Mercedes-Benz is investing $19 million in China to build its biggest training facility in the world for car dealers as it strives to catch up with rivals Audi ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
Update
4

1 week ago

G.M. makes fast wireless standard on Buicks, challenging other automakers

Jul 16 2014 9:13am CDT | Source: San Jose Business Journal

General Motors Co. is making fast wireless a standard feature on most of its 2015 line of vehicles, starting with some of Buick’s newest sedans. That makes it the first automaker to make LTE wireless a standard feature (Audi offers it as an option for its S3) and G.M.’s connected models are hitting retailers now. G.M. is rolling out a total of 40 different vehicle models with built in 4G LTE this year, including four of the five Buick models. I took one for a spin yesterday a ...
Source: San Jose Business Journal   Full article at: San Jose Business Journal
 

 
Update
3

8 weeks ago

The electronic highway: How ‘connected cars’ will change driving

Jun 2 2014 2:40pm CDT | Source: Canadian Business Online

BMW’s connected car dashboard When the 2015 cars hit showroom floors this year, some buyers will be looking at features the likes of which no one’s seen before. The Audi A5, for example, has a seven-inch screen that emerges from a slot on the dashboard. It will use a 4G wireless modem built into the car itself to connect to the Internet, navigate Google Maps, surf Facebook, and offer a Wi-Fi hotspot for people in the car. Shoppers conside ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
2

8 weeks ago

Alibaba Ties Up With Philips, Audi

May 30 2014 11:54am CDT | Source: SeekingAlpha

By Doug Young:E-commerce leader Alibaba (ABABA) is forming some interesting new tie-ups with major multinationals, including a new strategic partnership with Dutch electronics giant Philips (PHG) and a pairing between its recently acquired AutoNavi (AMAP) online mapping division and leading German automaker Volkswagen (OTCQX:VLKAY). I've previously said I'm not a big fan of Alibaba's recent M&A binge, as it looks a bit lacking in fo ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 

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