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Audi to Invest $29 Billion Through 2019 to Chase BMW's Top Spot

2014-12-27 19:44:32| Auto Dealers - Topix.net

Audi will spend 24 billion euros to develop technology and expand production, boosting its five-year investment plan by 2 billion euros as it chases BMW for the top spot in luxury-car sales. About 16.8 billion euros, or 70 percent of the total, is earmarked for new models like the Q1 subcompact sport-utility vehicle, the Ingolstadt, Germany-based unit of Volkswagen AG said today in a statement.

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