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VW reports stronger cash flow after cutting spending

Carmaker says improvement at its auto unit in 2025 follows lower than expected capital expenditure and R&D

Volkswagen said it generated net cash flow of €6bn from its automotive division in 2025, a significantly better figure than the carmaker had expected as it aims to cut costs to deal with growing Chinese competition.

The German company on Wednesday said it expected its positive inflows in its automotive division to be about €6bn, according to preliminary figures.

Previously, VW had forecast a net cash flow of about zero, although chief financial officer Arno Antlitz in October suggested the figure could be slightly positive.

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