Posts Tagged ‘Audi Logo’
Audi plans to spend $17 billion through 2016 to develop new cars and expand production capacity as it pursues BMW’s lead.
“We will keep investing large sums to pursue our growth strategy,” Chief Financial Officer Axel Strotbek said in the statement. “The expansion of our global manufacturing infrastructure will help us to continue growing.”
Audi aims to sell at least 2 million cars a year and overtake BMW by the end of the decade. The brand’s expansion is part of Volkswagen’s goal to become the world’s largest automaker by 2018. The manufacturer plans to spend 50.2 billion euros on its auto division, including Audi, through 2015. Read the rest of this entry
Automaker Audi AG, famous for its secure, reliable and luxury cars and SUVs has been into existence for more than a hundred years now and still manufactures one of the leading German cars today under the Audi brand. The company is named after name the surname of its founder, August Horsh, originally the creator of Horsh and is now a part of the Volkswagen group (which holds more than 99% of the share capital), following Audi’s merger with NSU. Read the rest of this entry