Chief Financial Officer and Chief Operating Officer, Volkswagen Group
Appears in 1 story
Architect of financial discipline and performance program supporting revised capex plan
Volkswagen Group has cut its long-term investment plan to €160 billion through 2030 from previous rolling plans of €165 billion (2025–2029) and €180 billion (2024–2028), still one of the largest capital programs in global manufacturing. CEO Oliver Blume framed the move as belt-tightening in response to higher U.S. tariffs on European car imports and intense price competition in China that have eroded margins, especially at Porsche, prompting a partial retreat from its most ambitious electric-vehicle targets.
Updated Jan 4
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