Business · Companies · 2 hrs ago

Volkswagen deliveries fell 14.3% in the third quarter

Volkswagen deliveries fell 14.3% in the third quarter

Volkswagen Group delivered about 1.89 million vehicles worldwide in the third quarter, covering July through September.

That was 14.3% fewer than in the same period a year earlier.

The company is based in Wolfsburg, Germany, and the figures include all its vehicle brands.

The sharpest decline was in China, where deliveries fell 38.5%.

Volkswagen is also facing strong competition from Chinese carmakers in Europe.

From January to September, the group sold just over six million vehicles, down 9% from the previous year.

Volkswagen and Audi each had third-quarter declines of nearly 20%, while Skoda held steady and truck-maker Traton grew by more than 10%.

The figures show continued pressure on Volkswagen's sales, especially in China; no next steps were given.

Sources

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