Audi increases upfront expenditure for electric mobility

Nov 29, 2019   OEM

Audi AG has planned a total amount of approximately €37 billion ($40.7 billion) for research and development expenditure and investment in property, plant and equipment over the next five years.

Against the backdrop of its roadmap towards electrification, the manufacturer is planning upfront expenditure of €12 billion ($13.2 billion) solely for electric mobility – more than ever before. The successful Audi Transformation Plan (ATP) is freeing up the necessary funds: Since the start of the programme, the ATP has already contributed €4 billion ($4.4 billion) to earnings. Furthermore, measures taken in the context of Audi.Zukunft are to free up approximately €6 billion ($6.6 billion) for future investments by 2029.

 

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