According to Audi boss Rupert Stadler, Audi will milk the A1 for all its worth. The new compact Audi is designed to be turned into four individual models in a move the Stadler predicts will add at least 100,000 additional sales to its books annually.

The first model is the three-door hatchback we saw last night that is scheduled to go on sale in Europe later this year with prices starting around 16,000 euros ($22,062 USD).

Sources say that the three-door hatch will be followed by a five-door version that will share the same styling and dimensions but will be priced a little higher. Also under development is an Audi S1 due out in 2012. Power will come from a 1.4L turbocharged 4-cylinder engine putting out 180-hp. During the same year, Audi will also unveil an A1 cabriolet with a fabric hood and 2+2 seating.

Click here to see our original post on the Audi A1.

Refresher: The 2011 Audi A1 will go on sale in Europe later this year with prices starting around 16,000 euros ($22,062 USD). Power will come from a lineup of 4-cylinder engines, which consists of two TDI diesels and two TFSI gasoline units with output ranging from 84-hp to 122-hp. Mated to a 7-speed S tronic transmission, fuel-economy will range from 44 mpg and 62 mpg.

2011 Audi A1:

- By: Kap Shah

Source: AutoCar