In an effort to move beyond the automaker's costly emissions scandal, Audi , Volkswagen 's most profitable brand, plans to cut costs by $12 billion by 2022 to help fund the company's shift towards electric vehicles, according to a report by Reuters.

Starting with the E-Tron Quattro crossover, Audi has plans to bring five new all-electric vehicles to its lineup within the next few years. Cutting research and development costs would make up most of the $12 billion in savings. Additionally, Audi plans to develop a new production platform with Porsche, allowing both of Volkswagen's brands to save money by sharing mechanical components and electronics. This will allow for more funds to be directed towards electrification technology.