German luxury-car maker Audi Group has unveiled a plan to invest €13bn(about $17bn) between 2012 through 2016 in new products and technologies as well as expand its manufacturing facilities.
Out of the total investment, about €8bn will be earmarked for the company's German locations in Ingolstadt and Neckarsulm.
AUDI Board of Management for Human Resources member Thomas Sigi said Audi is aiming to achieve strong growth on an boost its lightweight construction and electric mobility areas of expertise in particular.
"We are aiming to achieve strong growth on an international scale and boost our lightweight construction and electric mobility areas of expertise in particular. That is why we will be hiring even more people and are planning to appoint a further 1,200 experts next year," Sigi said.
Audi Group Member of the Board of Management for Finance and Organization Axel Strotbek said, "To maintain our profitable growth, we will step up investment spending on new products."
The company is planning to invest over € 2bn per year in new products and technologies and more than € 10.5bn on the development of new models and on technologies of the future such as electric or hybrid drive.
The German carmaker also said it will continue to invest in its factories which include body shop, paint shop and press shop are to be added to the existing engine line and vehicle assembly line.
AUDI Board of Management for Human Resources member Thomas Sigi said Audi is aiming to achieve strong growth on an boost its lightweight construction and electric mobility areas of expertise in particular.
"We are aiming to achieve strong growth on an international scale and boost our lightweight construction and electric mobility areas of expertise in particular. That is why we will be hiring even more people and are planning to appoint a further 1,200 experts next year," Sigi said.
Audi Group Member of the Board of Management for Finance and Organization Axel Strotbek said, "To maintain our profitable growth, we will step up investment spending on new products."
The company is planning to invest over € 2bn per year in new products and technologies and more than € 10.5bn on the development of new models and on technologies of the future such as electric or hybrid drive.
The German carmaker also said it will continue to invest in its factories which include body shop, paint shop and press shop are to be added to the existing engine line and vehicle assembly line.
