BMW is to lease the Audi A4 brand’s Audi leasing deal with BMW and BMW leasing company Audi, a spokesman said on Friday.
The lease deal was signed on Tuesday, according to a BMW spokesman.
The A4, the company’s flagship sports car, is leased from BMW for two years at a price of 1.4 million euros ($1.67 million).
It is also being leased to Audi from the end of April 2018.
The Audi A5 and A6 will be leased from 2019.
The A7, A8 and A9 will also be leased in 2019.
The BMW spokesman declined to comment further on the A4 deal.
The Audi A8 lease deal is expected to be signed in the coming days.
Last week, Audi was awarded a deal to lease BMW’s new SUV, the S4.
The company will pay BMW 1.8 million euros a year, for five years.
The deal was reached through a consortium of investors including BMW’s investment fund, BMW Capital.
In December, BMW was awarded an eight-year deal to buy the Audi brand from Audi in an agreement worth 1.6 billion euros ($2.3 billion).