E-mobility – Audi boss expects consolidation – economy

Audi boss Markus Duesmann expects more mergers and acquisitions in the auto industry soon. With the shift to electromobility, “some consolidation could take place,” he said. This will not only have consequences for gearbox manufacturers and other suppliers who rely heavily on the combustion engine, but “also for car manufacturers. Not everyone will succeed in the change.” For Audi, on the other hand, new record long-term profits can be expected in the VW group. The decisive factor is the evolution of battery costs. It is conceivable that Audi “will one day make more money with electric cars than we have ever made with combustion engines.”

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