Audi keeps its foot on the gas pedal

Updated 09 January 2013
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Audi keeps its foot on the gas pedal

Despite challenging economic circumstances, Audi is maintaining its ambitious capital-expenditure program. The Audi Group plans on investing €13 billion through 2016 to continue resolutely maintaining its course for growth as per its Strategy 2020. Expenditures will primarily address the development of new products and technologies as well as the construction of new plants. Nearly €8 billion will be invested in the German sites of Ingolstadt and Neckarsulm.
Audi is maintaining its robust capital-expenditure program to the tune of €13 billion in coming years. “We will keep investing large sums to pursue our growth strategy,” explains Axel Strotbek, member of the board of management for finance and organization at AUDI AG. He added that the group wants to spend more than €2 billion every year on new products and technologies.
All in all, more than €10.5 billion is to be allocated through 2016 to modernizing and expanding Audi’s portfolio of products as well as financing core areas of expertise such as lightweight design/construction and electric mobility. Conventional powertrains are to be rendered even more efficient.
Nearly €8 billion has been earmarked just for the German sites of Ingolstadt and Neckarsulm in the next five years. In addition, expansion of the site in Gyor, Hungary will be completed in 2013. Audi is building a body-manufacturing shop, a paint shop and a press shop in Gyor. The group is expanding capacities in China, as well.
Automobiles with the four rings are expected to begin rolling off the assembly line in Foshan, China in early 2014. Moreover, a plant in San Jose Chiapa, Mexico is scheduled to start producing Audis by 2016.
“The expansion of our global manufacturing infrastructure will help us to continue growing,” says CFO Strotbek. Audi wants to sell more than two million vehicles annually by 2020 to become the perennial Number One premium brand in the world. To this end, Audi hopes that its innovations will attract customers everywhere to the brand. Last but not least, the company seeks to appropriately balance financial success with social and environmental concerns to further consolidate its unsurpassed image worldwide.


Farah the Falcon swoops in to predict World Cup results, but will Saudi Arabia win?

Updated 20 June 2018
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Farah the Falcon swoops in to predict World Cup results, but will Saudi Arabia win?

  • More than half her predictions have been accurate, although she was wrong about Egypt
  • Now see her make her swoop for the next Saudi Arabian match

DUBAI: South Africa’s World Cup had Paul the Octopus in 2010, Brazil’s World Cup had Big Head the loggerhead turtle in 2014, now Russia’s World Cup has Farah the Falcon.

However, the feathered flyer predicted Egypt to come out triumphant in Tuesday night’s game against host’s Russia - but the outcome was the opposite.

Farah guessed Saudi Arabia would lose its second game at the tournament against Uruguay on Wednesday.

This is not what any Saudi Arabia fan wants to see (Screenshot/Youtube: Dubai Eye 103.8 Sport)

It has been a rough group stage for Arab nations with all four countries losing their games so far.

Swooping in from her perch on the arm of her trainer, Farah – who is sponsored by UAE-based radio station Dubai Eye – glides towards one of two wooden flags bearing the colors of the countries playing against each other.

The flag she lands on is her predicted winner for the game.

So far, 10 of the 17 games played have been predicted correctly – with two of those ending in draws and seven ending with the predicted winner actually losing. This makes her accuracy at 58.8 percent.

Tunisia is predicted to lose its games on Saturday against Belgium, with Morocco set to suffer the same fate against Portugal on Wednesday according to the feathered foreseer.

Paul the Octopus was the most famous of the animal predictors, predicting 12 out of 14 matches correctly with an accuracy of 85.7 percent.

See how Farah made her Saudi Arabia v Uruguay prediction