Volkswagen Sales Slide Further as Carmaker Weighs Mass Job Cuts
5 Articles
5 Articles
Volkswagen sales slide further as carmaker weighs mass job cuts
Overall vehicle deliveries fell almost nine percent in the April-June period from a year earlier thanks to plunging demand in China, VW said. Sales had fallen just four percent in the first quarter. "The situation in China remains challenging, and we were unable to escape a clearly declining overall market," said VW executive Marco Schubert in a statement. This was "despite initial positive momentum from our newly introduced, locally developed…
Volkswagen sold significantly fewer cars in the second quarter than in the same period last year. Sales in China in particular have fallen.
The crisis-ridden car manufacturer Volkswagen cannot escape the weakness in the important Chinese market. Sales broke again in the second quarter.
Job's messages continue: Sales of VW continue to decline significantly. In the second quarter, the Group is selling nearly 2.1 million vehicles worldwide less than in the same period of the previous year. China in particular makes it possible to create the Group.
Following the meeting of the VW Supervisory Board on savings, Group CEO Oliver Blume confirmed the goal of reorienting the crisis-ridden German automaker. The Executive Board continues to drive the transformation forward, according to the manager in a statement on Friday. Meanwhile, sales of VW fell by a good 8 percent in the second quarter. 2.1 million vehicles were sold worldwide. [...]
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