Audi is taking a very systematic approach to the future of mobility.
On Tuesday, Volkswagen’s Audi stated, it would sink in $15.9 billion (14 billion euros) through 2023 in autonomous driving, electric mobility and digitalization.
For the next five years, Audi has projected its total expenditure to be around 40 billion euros, said the carmaker in a statement. It has also disclosed restructuring measures which is expected to generate 1 billion in earnings.
“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 Bram Schot, chairman of Audi’s interim management board.
He went on to add, “We are consistently prioritizing our resources for future-oriented products and services that are highly attractive and relevant to the market.”