Audi doubles down on e-mobility, self-driving

|About: Audi AG (AUDVF)|By:, SA News Editor

Looking to keep ahead of the curve, Volkswagen's (OTCPK:VLKAF) premium auto brand Audi (OTCPK:AUDVF) is investing €14B through 2023 in electric mobility, digitalization and autonomous driving.

Overall, the company’s total projected expenditure for the next five years amounts to €40B.

It also plans restructuring measures that will generate €1B in earnings uplift already in 2018.

Subscribe for full text news in your inbox