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
10:57
OpenAI has informed more than 100 organizations about incidents involving unauthorized activities by its artificial intelligence agents
10:28
The Public Prosecution of the United Arab Emirates confirms the terrorist attack on board a Flydubai aircraft
10:13
A woman has died in Russia after severe pneumonia / Nearly 200 people isolated in suspected case of pneumonic plague
09:56
Fire on the roof of an apartment building in Suceava. No one was injured, but water damaged apartments
09:41
Ilie Bolojan announces a nearly RON 27 billion reduction in the deficit and the maintenance of Romania’s credit rating
See more news