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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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
8

3 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-t ...
Source: The Australian   Full article at: The Australian
 

 
Update
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3 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 fre ...
Source: The Australian   Full article at: The Australian
 

 
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4 weeks ago

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

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

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Update
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4 weeks ago

Audi driverless car hits 140 mph

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

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Source: Fortune   Full article at: Fortune
 

 
Update
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6 weeks ago

Audi uses polyamide composites to reduce infotainment carrier weight

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

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Update
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7 weeks ago

China Parallel Import Would See BMW X5 Price Slashed Up To 30 Per Cent

Sep 27 2014 9:11am CDT | Source: Forbes Real Time

China’s efforts to force foreign vehicle importers to cut the price of spare parts in particular and sticker prices generally was easily shrugged off by the likes of Audi, BMW, Mercedes and Jaguar Land Rover (JLR), but reports Beijing has freed up the entrance of grey imports might mak ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
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8 weeks ago

Audi shows new TT convertible in Paris; U.S. must wait

Sep 24 2014 5:19pm CDT | Source: USATODAY

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