Audi today announced its Supervisory Board has approved a $15.6 billion investment between 2006 and 2011 in new vehicles and manufacturing. Of that total, $11.1 billion will be invested in the development of new models alone.
Audi says it intends to extend its range of vehicle models from the existing 22 to a total of 40 by 2015. From 2007 onwards, investments will rise steadily to around $2.6 billion per year.
Rupert Stadler, Board Member for Finance and future Chairman of the Board of Management of Audi said: “Investments in new models, in product innovations and core competences are the lifeblood of any company. We can only ensure our corporate success by offering a range of attractive products. This is therefore also an investment in the future of the company and is decisive in safeguarding our jobs.”
