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BERLIN (Reuters) – Volkswagen will boost its sales of combustion engine cars and potentially launch new models, although it will expand overall investment, its chief executive said on Thursday, with planned spending for the 2025-2029 era expected to fall to about 165 billion euros.
“In general, we are going to invest. When we talk about the addition of combustion engines, this needs to be compensated,” Blume said in a phone call after the results were announced. “I’m talking about all brands. “
(Reporting by Victoria Waldersee; editing by Thomas Seythal)