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Reports: Volkswagen Board Delays Multi‑Year Investment Plan Over Cash Uncertainty

Internal projections indicate roughly €11 billion is missing for next year’s investments.

Overview

  • Approval expected this week was postponed by the supervisory board, according to BILD and Focus Online citing internal company sources.
  • Management may seek a special meeting in December, though sources say talks could stretch into spring, prolonging uncertainty for projects and timelines.
  • The five‑year planning envelope is reported at about €160 billion, narrowing room for plant modernizations, model launches and technology priorities.
  • Weak sales in China, U.S. import tariffs and parallel funding needs for combustion and electric vehicles are cited as key financial pressures.
  • Multiple initiatives are at risk during the delay, with a proposed Audi factory in the United States described as hard to finance, and a board spokesperson declined to comment.