Volkswagen AG Plans €160 Billion Investment Over Next Five Years

Deep News12-06

Volkswagen AG CEO Oliver Blume stated in a Saturday interview that the company plans to invest €160 billion (approximately $186 billion) by 2030. This reflects the tightening measures being adopted by Europe's leading automaker.

The total expenditure figure is updated annually based on Volkswagen's five-year rolling investment plan. Previously disclosed spending plans included €165 billion for 2025-2029 and €180 billion for 2024-2028, with 2024 identified as the peak year.

Since then, Volkswagen Group—including Porsche and Audi—has faced dual pressures from U.S. tariffs and fierce competition in China, significantly impacting profitability. The Porsche brand has been particularly affected, with about half of its vehicles sold in these two markets.

Blume emphasized that the latest five-year spending plan prioritizes "Germany and Europe," covering areas such as products, technology, and infrastructure.

Regarding Audi's potential U.S. factory, Blume noted that the decision hinges on whether substantial financial support can be secured from Washington.

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