This article first appeared on GuruFocus.

Volkswagen Group (VWAGY) is gearing up for a massive investment stretch, with CEO Oliver Blume saying the automaker plans to spend 160 billion euros, roughly $186 billion, through 2030. The updated plan comes as VW tries to steady itself in two tough markets, China and the U.S., where competition and policy pressures have been building.

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Blume told Frankfurter Allgemeine Sonntagszeitung that this next wave of spending will lean heavily toward Germany and Europe. The focus, he said, is on strengthening products, upgrading technology and supporting the infrastructure VW needs for its long-term transition. He also noted that Porsche's cost-saving program will continue into 2026 as the brand tightens its operations.

Blume steps away from the Porsche CEO role in January so he can fully concentrate on leading Volkswagen. As for a possible Audi plant in the U.S., he said the idea is still on the table but depends on meaningful financial support from Washington.