Audi e-tron replaces side mirrors with high-end cameras

Audi also plans restructuring measures that will generate €1 billion in earnings uplift already in 2018

Volkswagen's premium auto brand Audi said on Tuesday it would invest 14 billion euros through 2023 in electric mobility, digitalisatio, and autonomous driving.

Interim CEO Bram Schot thus sounds right when he says that Audi is "systematically moving towards electric mobility" and that future topics have priority for the German carmaker.

So far, Audi has no electric cars on the market, by contrast with its key competitor BMW, but the launch of the Audi e-tron SUV is planned before the end of this year. The first, the e-tron crossover, is now being rolled out in Europe.

Audi's e-tron sports an array of impressive features besides the new cameras, too, including two electric motors with electric all-wheel drive. The GT concept's production version is due to go on sale in 2020 as a rival to the Tesla Model S.

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For the year 2025, Audi promises to have around 20 electrified models, about half of which will be purely electric.

Audi is also reportedly working on an all-electric compact hatchback in the A3 size category, and which will be built on the VW Group's MEB platform for compact electric vehicles.

Audi said it is also pushing forward with the digitalization of its cars and plants, and is expanding its business model with new digital services such as "functions on demand". The company said the restructuring will generate one billion euros in earnings already this year.

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