Audi increases investment scheme by €2 billion - leatherbiz: Leading n Leatherbiz

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Audi increases investment scheme by €2 billion

06/01/2015
Carmaker Audi is further expanding the biggest investment programme in its history, pledging €24 billion from now until 2019, €2 billion more than originally planned.

About 70% of the investment will flow into the development of new models and technologies, focusing on electric mobility, connectivity and lightweight construction.

The workforce will also grow in the main plants in Germany where it has recruited 3,000 in 12 months.

While the news sounds positive for Audi suppliers, including tanners, CFO Axel Strotbek warned: "Despite the growth in total investment, we will keep a watchful eye on the upcoming challenges and exercise the required cost discipline."

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