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Audi decides on investment program for realignment
- Around €14 billion of advance expenditure for electric mobility, digitalization and autonomous driving by the end of 2023
- Interim CEO Bram Schot: “We are systematically moving towards electric mobility and are consistently prioritizing future topics”
- Audi Transformation Plan counteracts financial burden of high upfront expenditure
The Audi Group is accelerating its realignment with high investments in future-oriented topics. From 2019 until the end of 2023 alone, the company plans advance expenditure of approximately €14 billion in electric mobility, digitalization and autonomous driving. This includes investments in property, plant and equipment as well as research and development expenditure. Overall, the company’s total projected expenditure for the planning period of the next five years amounts to about €40 billion.