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Volkswagen capex recalibration: Automaker pares 2030 investment to $186 bn; China, US headwinds grow

Volkswagen Group is scaling back its investment plans to 160 billion through 2030, citing pressure in China and the US. CEO Oliver Blume emphasized a focus on Germany and Europe for products, technology, and infrastructure. Porsche's EV strategy is being rolled back, with no expected growth in China, while Audi's US plant decision hinges on financial support.