Audi Unveils DM17bn Investment Plan

21 December 2000

The supervisory board of Volkswagen-owned German auto manufacturer Audi yesterday approved plans for a programme of investment through to 2005 worth DM17 billion.

The vast majority (85%) of the new funding will stay in Germany, with 70% spent on new products, according to the company. The decision lifts Audi’s capital investment programme to an all-time high.

News Source: Handelsblatt