Audi confirms TT will be replaced by all-electric model

The company admits it has been "involved in too many projects for several years."

Audi has confirmed that the TT will soon be retired and replaced by an all-electric model.

Speaking at Audi's annual General Meeting, chairman Bram Schot admitted that "as a company we have been involved in too many projects" for several years. The company is consequently continuing to simplify its powertrain range and eliminate models that no longer make sense.

" For two decades, we have had this young, emotive sports car in our product range: as a coupe and as a roadster," he said. " In a few years, we will replace the TT with a new emotive model in the same price range: with an electric car."

The German automaker is also reviewing the business case for the R8 flagship. Rumors have indicated the company is considering an electric replacement inspired by the e-tron GT concept and PB18 e-tron.

"Do we need [an R8] successor with a combustion engine? Does this fit in with our vision?" Schot asked. "The discussion will give us an answer to that."

The proposed changes align with Volkswagen Group's broader electrification push.