Audi announces a mammoth 24 billion Euros investment for developing 10 new models, new petrol engines

The German luxury premium carmaker will spend the €24 ($29.2 / £18.8) billion from 2015 through 2019 on development of 10 new cars and a new generation of eco-friendly petrol engines, among other things.

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Audi did not reveal specifics of the investment plan, but mentioned that 70 percent of the capital will be spent on the development of the new models and future technologies.
The company’s product onslaught is not detailed at the moment, except that launches will be spread through 2020. Audi has just indicated that new cars in C- and D-segments can be expected, in which volumes can be pushed. New crossovers will also be a part of the development program, starting from affordable segment to premium range. 2016 Audi Q1 will also belong to the list.

Meanwhile, some of these models will be equipped with a new generation of highly economical petrol engines and alternative efficiency technologies. Audi is also showing keen interest in building the plug-in hybrid portfolio. According to the firm, their fuel-cell vehicles are slated to enter series-production as soon as market and infrastructure are justified.

Remaining part of investment will be pooled into developing advanced connectivity and driver assistance systems for the coming models. Needless to say, the company’s production network will be expanded to accommodate the new models and technologies. Audi’s Ingolstadt and Neckarsulm facilities are expected to be expanded soon.