Audi confirms upcoming E-Tron GT, launches all-out onslaught of EVs, redesigns

Audi Achieve Robust Sales In 2017 To Launch 20 Models In 2018

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.

The new model will become a flagship for the automaker's Audi Sport brand, CEO Rupert Stadler said at the brand's annual financial results press conference on Thursday.

The design is expected to be inspired by the recently unveiled Audi e-tron SUV concept with the trademark wide Audi grille and the rear strip lighting that's already being rolled out to the firm's higher-end production cars. The Tesla Model X electric CUV is priced from €96,250 ($118,600) in Germany.

Meet the new Audi Prototype e-tron GT electric limo: Audi's going Tesla chasing again
Audi Confirms Four-Door e-Tron GT For 2020 As Their Flagship EV Model

The Audi Group announced that the company has increased its revenue and earnings under hard conditions in 2017 as the revenue surpassed the mark of €60 billion, which is more than double of what they did over the last eight years.

Audi CEO Rupert Stadler (left) and CFO Alexander Seitz pose next to the Audi Q7 e-tron quatro auto before the company's annual news conference in Ingolstadt, Germany March 15, 2018. An E-Tron Sportback will also arrive sometime next year to be produced alongside the Quattro SUV.

Perhaps what's most interesting about Audi's conversion to the electric cause is a focus on what will be special "Audi Sport" performance models. At this year's Geneva, we saw the e-tron still wearing the camouflage.

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Porsche executives told Green Car Reports last week that PPE component set drew elements from both the MLB-Evo and P1 platforms, but also had several redesigned elements to reflect faster-than-expected improvements in battery capacity and other electric-drive components.

The e-tron rides on an adaptation of Audi's MLB architecture for gasoline cars, called MLB-Evo, while the Porsche Mission E rides on a dedicated platform called P1. Stadler said added that all "core model" series cars would be equipped with mild hybrid technology.

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