Sales Crisis VW China Experiences Worst Half-Year in 16 years
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VW's deliveries in China drop by 26 percent. While the combustion engine market is shrinking overall, the company lacks competitive electric cars—Chinese analysts attribute the causes to Wolfsburg (Germany).
VW's China business is in a kind of free fall. Sales of the VW Group in the People's Republic dropped by 26 percent in the first half of the year, the company announced. Observers on-site refer to it as a "struggle for survival."
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