rolling budget

Osterloh said a decision on how to boost Skoda’s output will likely be reached by November when VW’s supervisory board, of which he is a key member, is due to ratify the German group’s rolling budget on capacity, technology and equipment.

The 2012 election turned largely on how Washington would end a series of rolling budget crises.

"It's good fiscal management if the company gives the message ahead of people setting their budgets that things are still tough and spending plans need to be sensible," Tyndall said, referring to next month's decision by the supervisory board on VW's rolling budget plan.

The shrinkage has intensified a rolling budget crisis that has forced severe cutbacks in social services to a growing underclass of jobless and low-income blacks: 54% of African-American families earn less than $15,000.