BERLIN (Reuters) -Volkswagen plans to give details on its spending plans next year, the German automaker said on Friday, declining to comment on a media report that the supervisory board had postponed
Volkswagen to present investment plans in new year
Volkswagen's Investment Strategy Overview
BERLIN (Reuters) -Volkswagen plans to give details on its spending plans next year, the German automaker said on Friday, declining to comment on a media report that the supervisory board had postponed signing off on the plans due to doubts.
Challenges Facing Volkswagen
Following a supervisory board meeting, a spokesperson said management had informed the board about the current status of long-term planning among other things.
Details on Future Models and Production
The person added that Volkswagen, which is struggling with U.S. tariffs, the costly shift to electric cars and competition from China, would give details of its investment plans alongside the release of its 2025 annual report, due in the spring.
Impact of Market Conditions
On Thursday, Germany's Bild newspaper reported that the supervisory board had delayed approving the investment package for future models and production sites.
The spokesperson declined to comment on that report.
Previously, Europe's biggest carmaker had routinely issued long-term financial planning reports. Recently, it has been less forthcoming given the difficult market conditions.
(Reporting by Rachel More and Christina Amann. Editing by Mark Potter)
