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VW premium brand undergoing significant job cuts and EV refocus
Volkswagen cut its long-term investment plan to €160 billion through 2030, down from €165 billion (2025–2029) and €180 billion (2024–2028), remaining one of the largest capital programs in global manufacturing. CEO Oliver Blume called it belt-tightening, citing higher U.S. tariffs on European car imports and intense price competition in China. These pressures have eroded Porsche margins and prompted a partial retreat from VW's most ambitious electric-vehicle targets.
Updated 6 days ago
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