The company said it would invest around €22bn between 2014 and 2018 in a drive to boost production and sales after it sold 1.5m vehicles this year.
"In the future, we will be investing 70% of the money in the modernisation and expansion of the model range and our portfolio of technologies," Axel Strotbek, Audi board member for finance said in a statement.
Audi, whose main rivals are German marques BMW and Mercedes-Benz, said it now planning to sell 2m cars a year by 2020.
The company said it planned to extend its product range from 49 models to about 60 by 2020.
Source: AFP via I-Net Bridge
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