For Audi's Action and Transformation Plan, the German car-makers will invest close to €10 billion by 2022 to accelerate future models.
Despite its difficulties, and sales only increasing by 0.6 per cent on the previous year, Audi also announced record profits for 2017, up by 57 per cent to £4.15 billion.
The new model will become a flagship for the automaker's Audi Sport brand, CEO Rupert Stadler said at the brand's annual financial results press conference on Thursday.
INGOLSTADT, Germany, March 15 (Reuters) - Audi said it is bracing for a hard year on Thursday as the effects of its biggest-ever model overhaul and the emissions scandal keep Volkswagen's main earner from catching up with German rivals Mercedes-Benz and BMW.
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She won places that optimistic, which is, you know, better than all those places that have been struggling for decades. Her comments were dragged on Monday's Fox and Friends where Clinton was accused of "trash [ing] America's heartland".
Stadler said four of the ten new models will be fully electric. For the electric mobility of tomorrow, the brand is collaborating closely with Porsche and Volkswagen. "It proves that electric drive can also deliver high performance", he added. Production will start early in the coming decade at the Bollinger Hofe site near Neckarsulm.
The luxury brand of Volkswagen will launch over 20 redesigned and new models in 2018, including upgraded versions of the popular A6 saloon and Q3 sport-utility vehicle and the all-new electric e-tron SUV, with the changeover expected to hurt demand of its existing line-up.
Audi will build a four-door electric sports vehicle in Germany starting in 2020, the brand's CEO confirmed. The e-tron will be produced completely CO2-neutral at the converted Brussels plant where also the model's batteries will be assembled. Against this backdrop came the announcement that all core Audi models will soon be offered with "at least mild hybrid" engine options. Previewed at the Geneva Motor Show, the new electric SUV will be compatible with 150kW fast chargers, "making it ready for long-distance use again in less than half an hour". The Tesla Model X electric SUV starts at 96,250 euros in Germany.