Volkswagen will prolong sales of combustion engine cars and potentially add new models but without increasing total investment, its CEO said on Thursday, with planned expenditure from 2025-2029 to fall to about €165bn (R3.24-trillion)
"Overall we will decrease investment. When we talk about adding combustion engines, it has to be compensated," Oliver Blume said on a call following earnings results. "I'm talking about all brands."
