Volkswagen Deliveries Fall Most in Four Years
Volkswagen reported a 14.3 percent drop in third-quarter global deliveries, marking its sharpest decline in over four years. Plunging sales in China and weaker demand for electric vehicles drove the downturn across major markets.
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VOLKSWAGEN AG posted a 14.3% drop in global deliveries to 1.89 million vehicles in the third quarter on Monday. The decline marks the automaker's steepest quarterly fall in more than four years amid persistent weakness in China. The drop reflects intensifying industry pressures facing traditional European carmakers in overseas markets.
