Audi announces £18.4bn investment and range expansion

Audi has revealed it intends to invest almost £18. 4bn on the event of latest models, technologies and infrastructure. The investment, which should be take place between 2014 and 2018, is reputedly the biggest inside the company's history. Over 70 per cent from the funds will get into new models, including the third-generation Audi TT and that is due on sale in 2014. Along with the continued development of hybrid, electric and alternatively fuelled cars, money may also be spent on research into next-gen petrol and diesel engines. These new models and technologies are section of complete intend to bolster the manufacturer's sales. Audi happens to be seeking to expand its current vary from 49 models to 60 by 2020, with new variants such as the Audi Q1. Rupert Stadler, chairman from the board of management at Audi, commented : “We had set the aim of 1. 5 million deliveries each year by 2015, however we already achieved that quite comfortably in 2013. suggestion:inch,inches,in[click to edit]')" onmouseout="UnTip()">" We‘re now decisively steering towards our next milestone of two million deliveries. This really is why We‘re keeping our foot upon the gas regarding investments and why We‘re hiring new employees in 2014. ”New opportunities will include positions at Audi's recently constructed plant in Mexico, which is placed to supply the Q5 in 2016. Audi further intends to recommence production in Brazil, in 2015, while existing sites in Hungary will always receive investment. A brand new plant in China, the next Audi facility in the nation, also will begin production soon. The company's Neckarsulm and Ingolstadt sites will additionally receive considerable investment, improving the facilities currently open to the manufacturer. Audi announces £18. 4bn investment and range expansion