Audi is preparing to follow parent group, Volkswagen, by boosting spend on electric vehicles (EVs) and digital technology over the next 10 years, according to anonymous sources in contact with Reuters. The German automaker will invest more than 1 billion euros ($A1.06 billion) into developing new models of its Audi, Porsche and VW brands as part of a strategy that aims to boost sales Full details are reportedly to be announced by Audi chief executive, Rupert Stadler, at a presentation to fund managers in Munich on June 20.
Audi is preparing to follow parent group, Volkswagen, by boosting spend on electric vehicles (EVs) and digital technology over the next 10 years, according to anonymous sources in contact with Reuters. Audi is expected to invest around $4.7bn in digital services, electric cars, and autonomous driving by 2025, and offer on-demand mobility services to premium customers. Full details are reportedly to be announced by Audi chief executive, Rupert Stadler, at a presentation to fund managers in Munich on June 20.