From：Internet Info Agency 2026-08-29 21:30:05
Volkswagen AG plans to cap its investments at approximately €135 billion (about $156 billion) over the next five years—a reduction from the €160 billion spending budget it set last year for the period through 2030. This revised investment plan is part of the company's broader cost-cutting measures in response to weakening demand and intensifying competition. Management is seeking to reduce excess capacity and structural costs, including through further job cuts and the potential closure of plants in Germany.
