Audi to Invest $15.7 Billion Through 2011 to Increase Model Range

Washington DC December 11, 2006; The AIADA newsletter reports that German luxury automaker, Audi AG, said Monday it plans to invest $15.7 billion through 2011 to help expand its line of models from 22 to 40, reported The Detroit News.

"Investments in new models and product innovation is the life force of any enterprise," said Rupert Stadler, Audi's incoming CEO. "Only with attractive products can we ensure our success as a business."

Global sales for Audi rose 8 percent last month, and the automaker predicts it will sell about 900,000 cars by the end of 2006.