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Volkswagen cuts 2030 investment to €160B, shifting focus to Europe amid China and U.S. challenges.
Volkswagen Group will invest 160 billion euros ($186 billion) through 2030, down from earlier projections, as it adjusts to challenges in China and the U.S.
The focus shifts to Germany and Europe for production, technology, and infrastructure.
Investments will target battery cells, software, and autonomous driving.
Audi’s U.S. plant depends on government incentives, while Porsche may develop a China-specific model and consider local production, though it won’t expand sales there.
CEO Oliver Blume will remain until 2030 amid ongoing cost and performance pressures.
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Volkswagen recorta la inversión para 2030 a 160 mil millones de euros, cambiando el enfoque a Europa en medio de los desafíos de China y Estados Unidos.