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Audi to nearly double investments through 2018

German automaker Audi has said it would invest about €22bn ($30.1bn) in new models, plants and technology in the five years through 2018, Reuters has reported. That equates to €4.4bn a year, compared with €2.6bn in the carmaker’s budget of December 2011. Planned investments will sustain Audi’s foreign expansion, as the carmaker sets up factories in Mexico and China and eyes production in Brazil. Audi for the first time next year plans to build more cars outside Germany than at home.