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

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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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37 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.

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1 week ago

Volkswagen's Operating Profits Boosted By Porsche

Sep 3 2014 12:42pm CDT | Source: Forbes Real Time

Going forward, Volkswagen’s profits could rise on the back of anticipated growth in high-end luxury vehicle volumes, owing to rising wealth and deeper penetration in developing markets. In the second quarter as well, operating margins expanded 12.5% due to higher profits for the luxury brands Audi, Porsche and Bentley, despite ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
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By Gary Bourgeault:While it has taken some time for the stigma associated with nuclear power to go away after the Fukushima Daiichi disaster in Japan, the nuclear narrative remains intact, and the patient investor should reap significant rewards in this sector once demand increases and the uranium price rebounds.There is no doubt Japan will restart its nuclear reactors in the not-too-distant f ...
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4 weeks ago

Wheels and deals in land swap stoush

Aug 13 2014 7:15am CDT | Source: The Courier Mail

BRISBANE City Council has let a Moggill Rd site to an Audi motor car dealer after purchasing the property for $17 million and evictin ...
Source: The Courier Mail   Full article at: The Courier Mail
 

 
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5 weeks ago

Looking at G.M., China Widens Crackdown on Multinationals

Aug 12 2014 8:09am CDT | Source: NewYorkTimes-Business Day

Audi was also recently ensnared in an antitrust investigation by Beijing, which is examining price ...
Source: NewYorkTimes-Business Day   Full article at: NewYorkTimes-Business Day
 

 
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6

5 weeks ago

China's latest anti-trust probes revive protectionism concerns

Aug 7 2014 4:52am CDT | Source: Reuters India

BEIJING (Reuters) - China's recent probes into Microsoft Corp and car companies including Audi and Chrysler have rekindled concerns that Beijing may be using an anti-monopoly law to support domestic firms ...
Source: Reuters India   Full article at: Reuters India
 

 
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4

6 weeks ago

Volkswagen, Audi offer electric car carbon offsets

Aug 5 2014 2:51pm CDT | Source: USATODAY

VW will back projects in California and Texas aimed at offsetting emissions from cars        ...
Source: USATODAY   Full article at: USATODAY
 

 
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3

6 weeks ago

Mercedes E350 wagon: A family hauler that really hauls (Video)

Aug 4 2014 11:57am CDT | Source: Business Journal of Phoenix

When it comes to luxury wagons, choices are slim, so it’s a good thing the choices are first-rate. There is little overlap in the field. The Audi Allroad, BMW 3Series and Volvo V60 wagons all are smaller than this week’s tester: the Mercedes E-Class, which also comes as a coupe, cabriolet and sedan. The Mercedes-Benz E350 wagon and the Lincoln MKT are the only ones offering three-row seating. The E wagon, however, is classier, sportier and more e ...
Source: Business Journal of Phoenix   Full article at: Business Journal of Phoenix
 

 
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7 weeks 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 ...
Source: Business Standard   Full article at: Business Standard
 

 
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1

8 weeks 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 A ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 

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