Audi invests 14 billion in new technologies

German car manufacturer Audi will invest 14 billion euros in the development of electric vehicles, digitalization and driverless cars in the coming years.

The goal is to offer 10 fully electric models and another 10 with hybrid engines by 2025.

"We have set our sights on electric mobility and will focus our efforts even more," said Bram Schot at Audi's headquarters in the German city of Ingolstadt.

Schott is the interim head of Audi after the arrest of Rupert Stadler due to the scandal of manipulating pollution tests. The investment in Audi is part of the strategy of the Volkswagen group, which has announced a 44 billion euro investment plan in new technologies.