The carmaker also trimmed its long-term sales outlook, signalling the end of high-margin growth in the world’s largest car market. Volkswagen is bracing for even tougher competition in China, where ...
BERLIN -- Volkswagen Group wants to expand both its higher-end and lower-end offering in the Chinese market, China chief Ralf Brandstätter said, calling the country's high-paced, competitive market a ...
By Rodrigo Viga Gaier RIO DE JANEIRO, May 18 (Reuters) - Volkswagen is concerned about declining resale values of its vehicles as lower-priced Chinese competitors expand in the Brazilian market, the ...
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Volkswagen warns planned cost cuts are not enough after 14% drop in first-quarter profit
Volkswagen reported a 14% drop in first-quarter profit, citing tariff pressures, geopolitical tensions and tough competition from China. Sales revenue came in at 75.66 billion euros ($88.2 billion) ...
According to Volkswagen CEO Oliver Blume, European manufacturers have an advantage over Chinese EV makers. VW leader said that the Chinese offer their vehicles “at twice the price they pay in China” ...
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