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Audi News: Audi Investing $30.3 Billion Through 2018

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Audi has some very ambitious plans in the coming years. It's planning eleven new models and has set a new global sales goal of two million vehicles in the next few years. How will Audi pay this off? Well by investing more money.

According to Bloomberg, Audi has increased its investment by 500 million euros to 22 billion euros ($30.3 billion US). Seventy percent of the investment will go towards development of new vehicles and technologies.

“We are now decisively steering toward our next milestone. This is why we’re keeping our foot on the gas pedal regarding investments,” said CEO Rupert Stadler said in a statement.

There are two possible reasons why Audi has increase their investment. One is that the company has already achieved its goal of selling 1.5 million vehicles two year earlier than expected. Secondly, Audi is trying to get ahead of BMW and Mercedes-Benz who are planning their own product offensives in the coming years,

Source: Bloomberg

William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

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30.3 billion investment sounds like Audi is going to push the envelope in Hybrid versions and alternative fuel versions of their auto's. Would not be surprised to see a self driving version also show up.

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Maybe they will make a RWD platform; they had previously stated the A8 needed a new chassis and a redo to compete with the S-class, and that was before the 2014 S-class even came out. My guess is electric cars in a big part of that, maybe a diesel-electric hybrid powertrain. Audi Q1 or A1 could be in there, and the usual updates to existing models.

It sounds like a lot of money until you think that is over 5 years, so $6 billion a year. Mercedes spends that much a year anyway.

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