Audi to invest 14 billion euros in e-mobility, self-driving cars
Volkswagen's
premium auto brand Audi said on Tuesday it would invest 14 billion euros ($15.9
billion) through 2023 in electric mobility, digitalisation and autonomous
driving.
Overall,
the company's total projected expenditure for the next five years amounts to 40
billion euros, the company said in a statement. It also plans restructuring
measures that will generate 1 billion in earnings uplift already in 2018.
"This
planning round bears a clear signature: We are taking a very systematic
approach to electric mobility and will be much more focused in future,"
said Audi's interim management board chairman Bram Schot.
Dec. 4, 2018