 "Audi all set to invest €14 bn in electric mobility and self-driving cars")
Volkswagen’s premium auto brand Audi said on Tuesday it would invest €14 billion ($15.9 billion) through 2023 in electric mobility, digitalisation and autonomous driving.
Overall, the company’s total projected expenditure for the next five years amounts to €40 billion, the company said in a statement. It also plans restructuring measures that will generate €1 billion in earnings uplift already in 2018.
“This planning round bears a clear signature: We are taking a very systematic approach to electric mobility and will be much more focused in future,” said Audi’s interim management board chairman Bram Schot.
“We are consistently prioritising our resources for future-oriented products and services that are highly attractive and relevant to the market.”
 "US halts VW imports after Chinese supplier accused of using forced labour during production")
 "German consultancy staff distance themselves from VW China forced labour audit after giving clean chit")
 "Audi, Mercedes to invest in Huawei? Chinese tech giant held meetings exploring potential EV partnership")
 "Volkswagen may have used forced Uyghur Muslim labour in China factory")
 "US halts VW imports after Chinese supplier accused of using forced labour during production")
 "German consultancy staff distance themselves from VW China forced labour audit after giving clean chit")
 "Audi, Mercedes to invest in Huawei? Chinese tech giant held meetings exploring potential EV partnership")
 "Volkswagen may have used forced Uyghur Muslim labour in China factory")