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Audi eyes targets 50% sales boost with global expansion strategy

Audi is investing hundreds of millions of euros as part of a global strategy to boost the brand's sales by around 50% to two million vehicles by 2020, Reuters has reported. Five years ago, Audi still made 82% of its vehicles in the German cities of Ingolstadt and Neckarsulm, but the share of the German plants may drop below 50% by 2017 as global production swells to 1.87 million vehicles, a big percentage of it at new factories in Mexico and China, as well as expanded facilities in Hungary and China, according to research firm IHS Automotive. "We need extra capacity to support our (global) growth strategy," said plant manager Peter Koessler.