VW’s Audi Tempers Capex Amid Emissions Scandal – Wall Street Journal

Posted: Monday, December 28, 2015

FRANKFURT—Audi AG said on Monday that its capital spending in 2016 likely would be less than a previous estimate, with the luxury car unit of Volkswagen AG scrutinizing investments amid a costly emissions scandal at the group.

Its capital expenditures, which include investment in plant expansion and equipment purchases, will be more than €3 billion ($3.29 billion) in 2016, Audi said. A year ago, the car maker said its annual capital…

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