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14 billion euros

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, digitalization 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…