The Volkswagen Group, led by CEO Oliver Blume, has announced an investment of 160 billion euros (approximately 186 billion dollars) by 2030, despite the challenges faced in the markets of China and the United States. The investment budget has been reduced compared to previous allocations, from 165 billion euros for the period 2025-2029 and 180 billion euros for 2024-2028. Volkswagen, which includes the brands Porsche and Audi, has been affected by American tariffs and competition from China, which has impacted Porsche's profitability. The new investment plan will focus on Germany and Europe, targeting products, technologies, and infrastructure. Blume mentioned that a potential Audi plant in the USA depends on financial support from the American government. Although Porsche does not expect growth in China, localizing production could be a viable option in the future.
Sources
Volkswagen va investi 186 de miliarde de dolari până în 2030, anunţă CEO-ul Oliver Blume
Volkswagen va investi 160 miliarde euro până în 2030. Grupul german se confruntă cu dificultăți majore pe piețele-cheie
Volkswagen va investi 186 de miliarde de dolari până în 2030, anunţă CEO-ul Oliver Blume
Latest News
23:00
The CIA has declassified more than 70 documents on Al-Qaeda and Osama bin Laden’s plans before the September 11 attacks
22:37
Traian Băsescu criticizes the political scene: “The PSD-AUR tandem will eventually take power”
22:09
Cosmin Tudoran, sentenced at first instance to one year and eight months in prison suspended for assaulting a delivery driver from Bangladesh
21:40
Houthi rebels have seized Yemen’s west coast and strategic islands in the Bab el-Mandeb Strait
21:19
The Romanian Air Force is organizing the Burebista 26 exercise across the country from September 14 to 25
See more news