VW subsidiary: Audi invests 37 billion euros in future business

Audi

The VW subsidiary from Ingolstadt is investing billions in development.

(Photo: AP)

Munich With investments worth billions Audi into the race with the electric car maker Tesla and the old rival BMW and Mercedes. In the next five years would be 37 billion for research, Development and capital investment planned, said the VolkswagenDaughter on Friday with. Including for electromobility alone a record amount of twelve billion euros is provided.

The parent company had already set the framework in mid-November: Volkswagen In the next five years, it plans to invest almost 60 billion euros in climate-friendly drives, self-driving cars and digitization. Audi had recently tightened his austerity measures to free up the necessary funds. A reduction of 9500 jobs is expected to cut costs by around six billion euros.

More: Audi wants to complete 9,500 jobs in 2025 Germany to brush. In return, thousands of new jobs are to be created in future areas.

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