On August 29, according to a report by Germany's Handelsblatt, Volkswagen plans to limit its investment to approximately €135 billion ($156 billion) over the next five years as it needs to accelerate cost savings. This figure is lower than the €160 billion budget set last year for investments by 2030. Tightening investment is one of Volkswagen's cost-cutting measures to address weak demand and increased competition, with management seeking to reduce excess capacity and structural costs, including layoffs and potential closures of factories in Germany.