The Volkswagen diesel-emission cheating scandal has caused executive heads to roll, cars to be yanked off sale, and regulators to pore over real-world emission data with a laser-like focus.
It has made the future of the VW Group as the world’s largest carmaker seem far more perilous than it did just one month ago.
This morning, the company’s board of directors released a statement laying out its plans to move forward, even as it cuts capital investments by 1 billion Euros ($1.14 billion) to cope with the crisis.
It contains a laundry list of adjustments to VW’s planned future technology investments, including more focus on electrified drivetrains.
Read more: Green Car Reports