Audi's lineup of utility vehicles is set to welcome three new members including the sub-compact Q1 in 2016, the electric Q6 in 2018, and finally the upscale Q8 in 2019. The announcement came during the company's annual shareholders meeting in Neckarsulm, Germany, Bloomberg reports.
Audi will thus expand its portfolio from 52 models in 2015 to 60 by the end of the decade on the strength of massive investments totalling €24 billion (approx. $32.6 billion CAD).
“We have big plans in 2015 for our global growth path,” said Chief Executive Officer Rupert Stadler. “We intend to continue growing this year as well—faster than the world market and in all regions.”
The new Audi Q1, Q6, and Q8 will mainly target American and Chinese markets and try to steal customers away from BMW and Mercedes-Benz. The competition will be even fiercer in a couple of years with the launch of Bentley's Bentayga, Maserati's Levante, and Jaguar's F-PACE.