Technology Other News 04 Dec 2018 Audi to invest 14 bi ...

Audi to invest 14 billion euros in e-mobility, self-driving cars

REUTERS
Published Dec 4, 2018, 6:09 pm IST
Updated Dec 4, 2018, 6:12 pm IST
The company’s total projected expenditure for the next five years amounts to 40 billion euros.
It also plans restructuring measures that will generate 1 billion in earnings uplift already in 2018. (Representational Photo)
 It also plans restructuring measures that will generate 1 billion in earnings uplift already in 2018. (Representational Photo)

Volkswagen’s premium auto brand Audi said on Tuesday it would invest 14 billion euros (USD 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.

“We are consistently prioritising our resources for future-oriented products and services that are highly attractive and relevant to the market.”

Click on Deccan Chronicle Technology and Science for the latest news and reviews. Follow us on Facebook, Twitter

Click on Deccan Chronicle Technology and Science for the latest news and reviews. Follow us on Facebook, Twitter

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
-->