Germany's Audi (VOW3.DE) said it would invest about 22 billion euros (£18.25 billion) in new models, plants and technology in the five years through 2018. People familiar with the matter told Reuters earlier this month that Audi planned to increase spending as the luxury carmaker steps up efforts to catch larger competitor BMW (BMW.DE). Audi, a division of Volkswagen, said in a statement on Friday that 70 percent of its planned investment was earmarked for new models and technology, and more than half of the sum would go to its German sites in Ingolstadt and Neckarsulm. Planned investments will sustain Audi's foreign expansion as the carmaker sets up factories in Mexico and China and eyes production in Brazil.
via Business News - Yahoo Finance http://finance.yahoo.com/news/audi-boosts-investments-2018-094849880.html
0 commentaires:
Enregistrer un commentaire