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Audi increases upfront expenditure for electric mobility; €12B by 2024

Green Car Congress

Audi AG plans an outlay of approximately €37 billion for research and development expenditure and investment in property, plant and equipment over the next five years (2020 to 2024). The Audi Transformation Plan (ATP), launched two years ago, is freeing up the necessary funds. —Alexander Seitz.

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Audi targeting sales of 800,000 BEVs and PHEVs in 2025

Green Car Congress

Audi aims to sell approximately 800,000 fully electric cars and plug-in hybrids in the year 2025. At today’s Annual General Meeting of Audi AG, the Board of Management is presenting the updated “Audi.Vorsprung.2025.” —Rupert Stadler, Chairman of the Board of Management of Audi AG. Audi e-tron prototype shown in Geneva.

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Audi E-tron electric SUV gets discounts just as it goes on sale

Green Car Reports

Just as the 2019 E-tron SUV starts arriving at dealerships, Audi is already offering big discounts on them. percent financing on the E-tron for up to 66 months, which is significantly cheaper than most other models in Audi's lineup, according to our partners at CarsDirect.com. The biggest incentive so far is 1.9

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Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. Audi is 5th place with 2 countries. Methodology.

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Audi CEO Duesmann pushes back against politicians opposing ICE ban

Teslarati

Audi CEO Markus Duesmann is pushing against politicians in Europe who oppose the bans internal combustion engine ban in 2035 while resolidifying his company’s plans to only offer fully-electric vehicles from 2026 on. “From 2026, Audi will only be launching purely electric models.” “The trend is confirmed.”

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IONITY orders 324 350kW EV chargers from ABB for second phase of expansion

Green Car Congress

IONITY, a joint venture of BMW Group, Daimler AG, Ford Motor Company, as well as the Volkswagen Group with Audi and Porsche, has to date opened 202 charging sites across 18 European markets. To finance the necessary chargers, the analysis estimates Europe needs €20 billion over the next 11 years, or €1.8

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Volkswagen Group’s profits dropped 20% in Q1, but it remains confident in hitting 2024 targets

Baua Electric

The numbers detail a slowing of sales and a drop in profits. Today’s Q1 2024 report from Volkswagen Group comes with little surprise, as the German automaker already gave the public an idea of its sales woes earlier this month when it shared its delivery numbers. Deliveries for Q1 were up 3% overall year-over-year, but BEV sales fell.