Audi plans to expand line-up to 40 by 2015
Audi is continuing its investments in big style: the scheduled budget for the period from 2008 to 2012 comprises a total of 10.6 billion euros in fixed investments. For the last planning period, from 2007 to 2011, the scheduled investments added up to 9.8 billion euros.
7.9 billion euros of the total investment have been allotted to new models alone. The brand with the four rings plans to expand its range of vehicle models from the current 25 to 40 by 2015. Annual investments will reach a steady level of around two billion euros. Axel Strotbek, Member of the Board of Management at AUDI AG for Finance and Organization: “Investment in new models, product innovations and core competencies is a necessary requirement for the successful continuation of Audi’s growth.”
Next year Audi will be introducing several new models onto the market. From 2008, the model range will be expanded by the Audi A3 Cabriolet, the Audi A4 Avant and the Audi Q5, among others.
The course will also be set for the future at Audi’s production sites: in 2008, Audi will be investing more than 1.1 billion euros in its plants in Ingolstadt and Neckarsulm. Of this total, 720 million euros have been allotted to Ingolstadt, with 400 million euros going to Neckarsulm. Investment in new products and structural measures will take priority.