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Audi to invest €14bil in e-mobility, self-driving cars


Overall, the company's total projected expenditure for the next five years amounts to €40bil (RM188.85bil), the company said in a statement. — Reuters

Overall, the company's total projected expenditure for the next five years amounts to €40bil (RM188.85bil), the company said in a statement. — Reuters

FRANKFURT: Volkswagen's premium auto brand Audi said on Dec 4 it would invest €14bil (RM66.10bil) through 2023 in electric mobility, digitalisation and autonomous driving. 

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. 

“We are consistently prioritising our resources for future-oriented products and services that are highly attractive and relevant to the market.” – Reuters

   

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