Views Article – Sharenet Wealth

News, North America

Volkswagen’s group deliveries in China fall 11.3% y/y

BERLIN, Feb 14 (Reuters) – Volkswagen, one of the world’s biggest carmakers, on Friday said deliveries in China declined by 11.3% in January as the auto sector feels the effects of the coronavirus outbreak.

The German company said the group, which includes brands like Volkswagen and Audi, delivered 343,400 vehicles in China and Hong Kong. The country is VW’s biggest market.

Worldwide, group deliveries dropped by 5.2% to 836,800 vehicles, Volkswagen added.

The China Association of Automobile Manufacturers said on Thursday that the country’s vehicle sales likely fell by almost a fifth in January, marking a 19th consecutive month of decline, hurt by Lunar New Year holidays that started earlier than last year and by the coronavirus outbreak. (Reporting by Thomas Seythal; additional reporting by Jan Schwartz Editing by Michelle Martin)

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.
Array ( )