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Volkswagen third quarter deliveries fall on plummeting China demand
Volkswagen reported a 14.3% decline in global deliveries in the third quarter on Monday, dragged by a further drop in demand in the Chinese market. Deliveries, a closely watched proxy for sales, fell to 1.89 million vehicles this quarter. “The sharp decline in the overall market in China remains an industry-wide challenge,” Martin Sander, a member of the group’s extended executive committee, said in a statement. Volkswagen weighs up to 100,000 job cuts, four plant closures in overhaul, sources say Deliveries in China, Volkswagen’s largest market, tumbled 38.5% in the quarter and ...
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