|December 10, 2002
Supervisory Board of AUDI AG Decides: Investment Volume to Remain at Top Level
Audi will invest large amounts in sporty products and model versions over the next five years. The high investment level of the past few years will thus be continued. This was decided at a meeting of the Supervisory Board of AUDI AG in Ingolstadt yesterday evening.
Within the scope of mid-term investment planning from 2002 to 2007, investments totalling EUR 11.4 billion are planned within the Audi Group. This corresponds to almost 7 percent of the sales volume within the planning period. A good 70 percent of this investment total is to be set aside for new products. This will be especially significant for the German Audi plants. More than 80 percent of the EUR 11.4 billion allocated is to be invested in Germany.
The investment package is especially geared to the product offensive announced at the beginning of the year. The goal is to increase the Audi Group's international competitiveness.