Big investment news from BMW's neighbors in Bavaria:
Audi Plans $30 Billion Investment Through 2018, Will Expand Model Range to 60 Cars
Quote:
Audi said on Friday that it plans to invest around €22 billion ($30 billion) in the course of the next five years as it battles its chief rivals in the luxury car segment.
Calling the plan its “largest investment program ever,” the Ingolstadt-based automaker plans to invest in new models, innovations, and an expansion of its world-wide production network. Audi said that 70% of its investment is intended for new models and technologies. It will spend €16 billion on fixed assets and €6 billion on capitalized development costs…
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