Audi announces massive 22 billion EUR investment, third-gen TT coming in 2014

Audi has recently disclosed its plans of investing 22 billion EUR through 2018 with an aim to hit two million sales per year.

Around a month ago Volkswagen had announced a huge investment of 84.2 billion EUR for the next five years and with this recent news it appears that 22 billion EUR of those funds will be directed to Audi for its future lineup and plans. The automaker managed to sell as many as 1.5 million cars this year and with this its next objective is to sell 2 million units. They already announced a lineup expansion from 49 to 60 models by 2020 and they have plans of hiring new employees as well.

Audi claims that the third generation of the “design icon” TT will go on sale next year in 2014, while the Q1 entry-level crossover is planned for release in the year 2016. Brazilian production will commence in 2015 São José dos Pinhais where the brand with the four rings will build the A3 Sedan and Q3.

Well we can say that the plans are quite ambitious and hope that Audi is able to achieve as the amount involved is quite huge.