Audi only outlined a one-year investment budget, rather than updating a five-year rolling program, in line with a move by VW to scale back spending as the parent company deals with the cost of a diesel-emissions manipulation scandal. Volkswagen, Europe’s biggest carmaker, decided last month to trim investments on factories and equipment to 12 billion euros next year, down from 12.9 billion euros under its previous budget. CEO Matthias Mueller has vowed to weed out a bloated product range comprising more than 300 vehicles across the group.
Audi to add compact Q2 in expansion of SUV line
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