VW Group is planning to spend €24 Billion over next four years on its premium Audi line, including the introduction more electric hybrids and two new all-electric cars.
Audi's e-Tron quattro LMP-1 hybrid-electric race cars have dominated LeMans for the last three years running, apparently giving the premium German carmaker and its parent Volkswagen Group, the confidence to begin investing even more in the electrification of its carline over the next four years.
Of the €85.6 billion ($103 billion USD) Volkswagen plans to spend in plant expansion and upgrade, €24 billion of it will be invested in Audi, including the expansion of its two assembly plants in Ingolstadt and Neckarsulm, Germany. The company is also upgrading plants in Mexico and Brazil.
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