Audi planning EUR13-bil.-worth capex by 2016
EUR10.5 billion to be spent on new models and technology, including lightweight construction and electric mobility.
Audi has reasserted its planned investment levels up until 2016. In a statement released by the automaker, it said that it will invest EUR13 billion (USD17.2 billion) between 2013 and 2016. Axel Strotbek, member of the board of management for Finance and Organisation at the automaker, said that out of this cash, EUR10.5 billion will be spent on new models and technology, including lightweight construction and electric mobility. EUR8 billion will also be spent on Audi's Ingolstadt and Neckarsulm plants (both in Germany) over the next five years. The company is also investing in the expansion of its site in Győr (Hungary), which will be completed in 2013, followed by new sites in China and Mexico.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
