According to reports, Volkswagen AG plans to limit investment to around 135 billion euros over the next five years. Under pressure to speed up cost savings, the carmaker is cutting back on its spending plans. The latest investment plan will fall short of Volkswagen's spending budget of 160 billion euros up to 2030 set last year. Tightening investment is part of Volkswagen's broader cost reduction measures in response to weak demand and increased competition. Management is seeking to cut excess capacity and structural costs, including further layoffs and possibly the closure of factories in Germany.

According to reports, Volkswagen AG plans to limit investment to around 135 billion euros over the next five years. Under pressure to speed up cost savings, the carmaker is cutting back on its spending plans. The latest investment plan will fall short of Volkswagen's spending budget of 160 billion euros up to 2030 set last year. Tightening investment is part of Volkswagen's broader cost reduction measures in response to weak demand and increased competition. Management is seeking to cut excess capacity and structural costs, including further layoffs and possibly the closure of factories in Germany.