Audi expects tough year amid model changes

Audi expects tough year amid model changes

Audi expects tough year amid model changes

At Audi's press briefing, the e-tron GT was presented as a future product specifically from the performance-oriented Audi Sport sub-brand.

Audi intends for the E-Tron GT to become a crown jewel in its Audi Sport brand, and since it will be sharing a platform with Porsche's Mission E, sport seems like it will be a priority.

Audi NSUG.DE expects no further provisions for its "dieselgate" emissions scandal this year after setting aside a total of 2 billion euros ($2.47 billion) in 2016 and 2017, its finance chief said.

Audi CEO Rupert Stadler (left) and CFO Alexander Seitz pose next to the Audi Q7 e-tron quatro vehicle before the company's annual news conference in Ingolstadt, Germany March 15, 2018.

Not much else is known, but the auto will likely share more than a little DNA with Porsche's Mission E which will precede the E-Tron by a year or two.

Audi has released a teaser image for the e-tron GT, a performance-focused EV that stands atop the company's electrification roadmap.

While confirming plans for the e-Tron GT, Stadler also reveals pricing for Audi's first all-electric model, the e-Tron Quattro, will start at €80,000 ($99,000) when sales officially begin later this year in Germany.

The much lower, sleeker e-tron GT won't follow immediately, but is likely to arrive in the early years of the 2020s.

Stadler said that Audi will leverage the Modular Electric Toolkit that Volkswagen is developing for the compact segment as well as its own premium-architecture electrification to be used for electric vehicles in the mid-, upper-, and luxury-range. This compares with the €77,850 ($95,900) price tag Jaguar confirmed for the I-Pace at the Geneva show.

First came the Tesla Model S, followed by the Model X.

Audi has previously introduced the e-tron moniker to the Audi R8, in the form of a concept which was intended for production, but ultimately abandoned. With more than 20 new launches in 2018, Audi plans to manage what it's calling the "biggest model initiative in its history". The Audi Q3 now produced there will be assembled in Hungary, once the new model arrives.

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