(autoinsidernews) - Audi today announced that plans to invest a total of 11.8 billion euros ($15.6 billion) between 2006 and 2011 in new vehicles and manufacturing. Around 8.4 billion euros ($11.1 billion) of the total investment will be invested in the development of new models alone.
Audi intends to extend its range of vehicle models from the existing 22 to a total of 40 by 2015. From 2007, investments will rise steadily to around $2.6 billion per year, reports Trend.
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, said Rupert Stadler, Board Member for Finance and future Chairman of the Board of Management of Audi.