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Volkswagen postpones approval of investment plan due to financial uncertainty.
Gelonghui, November 14th | According to German media, Volkswagen's supervisory board has decided to postpone the approval of its investment plan due to ongoing financial uncertainties. The report indicates that factors such as U.S. tariffs on imported vehicles, declining sales in the Chinese market, and uncertainties surrounding electric vehicles could result in potential investment losses of up to €11 billion for Volkswagen next year. This has prompted the supervisory board to adopt a more cautious approach towards capital allocation and investment decisions.
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Express News | Ecarx Deepens Partnership With Volkswagen Group to Supply Digital Cockpit Solutions for Multiple Vehicle Models in Latin America
ECARX Deepens Partnership With Volkswagen Group to Supply Digital Cockpit Solutions for Multiple Vehicle Models in Latin America