17-10-2016 23:04 via uk.news.yahoo.com

VW's Audi delays tech projects at German base as it cuts costs: sources

Audi will delay technology projects at its German base to cut costs, sources at the company said on Monday, as it grapples with the Volkswagen group's emissions scandal and multi-million-euro investments in electric cars and autonomous driving. Audi, Volkswagen's profit engine, has said it will scale back its conventional car programme to fund a strategic shift to green vehicles and digital services through 2025 as competition with German rivals BMW and Mercedes-Benz heats up.
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