Audi plans billions in expansion

Luxury carmaker to chase BMW in models, volume

Posted: January 1, 2013 at 4:14 a.m.

A visitor sits in an Audi sedan at the Los Angeles Auto Show in November. The automaker is planning to spend big to cut into rival BMW’s luxury sales.

Audi, the world’s second largest maker of luxury vehicles, plans to spend $17 billion through 2016 to develop new cars and expand production capacity as it pursues BMW’s luxury sales lead.

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Business, Pages 19 on 01/01/2013