Volkswagen vehicle deliveries fell 1.4 per cent year-on-year in 2024, the German carmaker said on Thursday, dragged down by fierce competition in China.
The VW brand, part of the larger Volkswagen group which includes Audi and Lamborghini among others, sold some 4.8 million vehicles worldwide last year, it said in a statement.
Deliveries rose around 20 per cent in North and South America but shrunk 1.7 per cent in Europe, the brand’s second-largest market by volume.
In China, VW’s most important market, sales plunged by 8.3 per cent.
“2024 was a tough year worldwide, with a weak economy, political challenges and tough competition — particularly in China”, VW executive Martin Sander said in a statement.
In December, Volkswagen reached an agreement with unions to cut 35,000 jobs across Volkswagen’s German locations by 2030.
The drastic cuts should save around four…
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