Auto Channel

Pursuing plans to catch arch-rivals BMW and Mercedes-Benz, Audi reported that the scheduled budget for the period from 2008 to 2012 is EUR 10.6 billion in fixed investments. That means Audi’s annual cash flow in new models and production will reach a steady level of around two billion euros. Previously, for the last planning period, from 2007 to 2011, the planned investments were fixed at up to EUR 9.8 billion. As part of that investment, EUR 7.9 billion has been allotted to new models alone.

The resources will be used to expand the range of models from the current 25 to 40 by 2015. In 2008 Audi is scheduled to introduce several new models into the market such as the Audi A3 Cabriolet, the Audi A4 Avant and the Audi Q5.

The rest of the investment will be utilized for Audi's production sites. In 2008 plants in Ingolstadt and Neckarsulm are to receive around EUR 1.2 billion - EUR 720 million to Ingolstadt, and EUR 400 million going to Neckarsulm.