Volkswagen's largest delivery decline in four years
Volkswagen, the German automotive company, recorded its largest decline in vehicle deliveries in over four years, with deliveries dropping by 14.3% in the third quarter. This decline was driven by weak demand in China, its biggest market, which saw a 38.5% decrease in deliveries. Deliveries also declined in North America and Western Europe, while experiencing a slight increase in Central and Eastern Europe. This downturn is attributed to the ongoing Chinese market crisis, which continues to impact the global automotive sector, despite rising electric vehicle sales in Europe.
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