Volkswagen plans to invest a brutal amount

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According to German enterprise day by day Handelsblatt, Volkswagen will preserve its present degree of funding over the subsequent 5 years and allocate round 180 billion euros for the interval between 2024 and 2028. Citing sources conversant in the matter, the newspaper reported that the corporate’s supervisory board had accepted this plan, albeit with a situation that might permit the amount to be adjusted relying on the achievement of cost-cutting targets.

The firm declined to remark immediately on the information, however indicated that it might present extra data on March 13 following the publication of its annual report.

The present information is consistent with Volkswagen’s beforehand introduced five-year plan in March 2023, which additionally envisages an funding of 180 billion euros till 2027. A big a part of the deliberate investments – greater than two thirds – is aimed on the transition to electrical autos and digitization.

According to Handelsblatt’s report, the automaker is sticking to its beforehand set funding tempo even because it seeks to minimize prices throughout the group to improve margins throughout the transition to all-electric fashions.

Volkswagen’s share worth fell by 1.7 % right now, whereas it fell by 4.7 % this yr.

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Cover picture supply: Shutterstock

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