World : Audi to invest 14 billion euros in e-mobility, self-driving cars

FRANKFURT: Volkswagen's premium auto brand Audi said on Tuesday it would invest 14 billion euros ($15.9 billion) through 2023 in electric mobility, digitalisation and autonomous driving. 

Overall, the company's total projected expenditure for the next five years amounts to 40 billion euros, the company said in a statement. It also plans restructuring measures that will generate 1 billion in earnings uplift already in 2018. 

"This planning round bears a clear signature: We are taking a very systematic approach to electric mobility and will be much more focused in future," said Audi's interim management board chairman Bram Schot. 

 

Source : https://economictimes.indiatimes.com/news/international/business/audi-to-invest-14-billion-euros-in-e-mobility-self-driving-cars/articleshow/66935031.cms

 

Smart Grid Bulletin November 2018


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