Audi Hikes Investments in Bid to Catch BMW

Newswire

* Audi to invest about 22 bln euros in 2014-2018 * Avg annual spend to be 4.4 bln eur vs previous 2.6 bln * New models, technology to account for 70 pct of investment * CEO says comfortably reached 1.5 mln vehicle sales in 2013 FRANKFURT, Dec 27 (Reuters) - Germany's Audi said it would invest about 22 billion euros ($30.1 billion) in new models, plants and technology in the five years through 2018. That equates to 4.4 billion euros a year, compared with 2.6 billion in the carmaker's ...

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