Companies / Germany
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Audi Bids To Boost Sales Via Investment
December 2006 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Volkswagen's luxury brand Audi has announced it is to step up investment in order to expand its product range and boost sales. Over the next five years the German carmaker will increase investment by EUR1bn (US$1.32bn) to EUR11.8bn in a bid to almost double its product portfolio from 22 to 40 models. The carmaker is expected to add around 18 new vehicles, including cars and sports utility vehicles up to 2015. Around 71% (EUR8.4bn) has been earmarked for new vehicles. As from 2007 investment will be stepped up to some EUR2bn a year.