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Volkswagen CEO, Herbert Diess, chairman of the supervisory board Hans Dieter Poetsch, Lower Saxony's Prime Minister Stephan Weil and head of VW works council, Bernd Osterloh, address the media after a supervisory board meeting at the Volkswagen plant in Wolfsburg, Germany on Nov. 15, 2019. Fabian Bimmer/Reuters
MUNICH—Volkswagen may have to spend more to deliver its planned transformation, the German carmaker’s supervisory board chairman said, particularly a shift towards autonomous driving.
The world’s second-largest automaker, which plans to invest 150 billion euros ($178 billion) in its business by 2025, has repeatedly said that it can fund the transition towards electric vehicles and autonomous driving based on current cash flows.
