Audi to invest as Volkswagen cuts spending

Audi plans to keep capital spending stable in 2016 even as parent Volkswagen reins in investment across its 12 automotive brands in the wake of the diesel-emissions cheating scandal.

The luxury-car division, the biggest contributor to Volkswagen’s earnings, has earmarked some €3.3bn in spending for next year, in line with the 2015 total.

Audi said yesterday investments in 2016 will exceed €3bn as the company introduces a compact sport utility vehicle and develops an electric car.