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Daily Newsletter

19 March 2024

Daily Newsletter

19 March 2024

China drags VW down

YTD volume up 6.1%

Graeme Roberts March 18 2024

Volkswagen group deliveries fell by 1.1% in February to 605,500 vehicles, hit by a sharp decrease in China, the German carmaker told Reuters.

Deliveries climbed 5.6% in western Europe and 1.6% in North America last month but fell 16.7% in China, the report said.

Overall deliveries were, however, up 6.1% year to date at 1.30m vehicles.

The group has several manufacturing joint ventures in China.

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