Volkswagen's Audi Aims to Launch Two Electric Vehicles by 2018: CEO

Volkswagen's premium Audi division aims to bring two purely electric vehicles to market by 2018 as it tries to catch up with rivals such as Tesla Motors and BMW .
Audi's Chief Executive Rupert Stadler told German daily Frankfurter Allgemeine Zeitung in an interview to be published on Saturday that the launch of an electric sports car and a sports activity vehicle were under way.
An excerpt of the article was made available to Reuters on Friday.
Stadler said the SAV would be a four-wheel drive with a range of more than 500 km per battery load.
He also told FAZ that Audi's push to develop electronic drive and digital technologies would mean the division adding 2 billion euros to its investments by 2019. Audi's investment budget through 2018 amounts to 22 billion.