The Audi logo is seen during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Benoit Tessier
Overall, the company's total projected expenditure for the next five years amounts to €40bil (RM188.85bil), the company said in a statement. It also plans restructuring measures that will generate €1bil (RM4.72bil) 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.
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