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VW investment planning round to take place Friday

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BERLIN – Volkswagen’s supervisory board will assemble on Friday for a planning round postponed from last November in which it will discuss plans for which models to produce at which plant, a source close to the company told Reuters on Friday.

The supervisory board will meet again in early March to conclude the plans and prepare to present them on March 14 in the carmaker’s annual results conference, the source said.

The planning round, first reported by German business paper Handelsblatt, is the first since Volkswagen and Porsche Chief Executive Oliver Blume took over the company last autumn.

Among the topics on the agenda is whether to build a new factory for the Trinity model near its Wolfsburg headquarters, a plan conceived under former Chief Executive Herbert Diess but which was called into question at the end of last year.

The Volkswagen brand chief said in December that the carmaker would decide by early February whether to build the factory or simply produce the new Trinity electric sedan in the main Wolfsburg plant, which will have additional capacity by the time production of the new model is slated to begin.

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