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PHOTO CAPTION: 2014 Audi CUV crossover concept car.

More Electric Cars Coming from Audi in Near Future

VW Group is planning to spend a record €24 Billion over next four years on its premium Audi line, including the introduction more electric hybrids and two new all-electric cars.

Published: 02-Jan-2015

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.

Seventy percent will be invested to developing an additional 10 new models - bringing the total available models up to 60 -- and technologies including "emission-cutting plug-in hybrid vehicles," according to a report by CNBC. In addition, Reuter's added:

"Audi's Chief Executive Rupert Stadler told German daily Frankfurter Allgemeine Zeitung (FAZ) in an interview to be published on Saturday that the launch of an electric sports car and a sports activity vehicle (SAV) were under way.

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