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Volkswagen Car Sales Drop on Steep Declines in China, US
Europe’s largest carmaker is facing mounting pressure in China.
Photographer: Wang Zhao/AFP/Getty ImagesVolkswagen AG’s global car sales fell in the first quarter, weighed down by a slump in China, where competition from local brands has intensified.
Deliveries declined 4% to 2.05 million units, the automaker said Monday. It pointed to headwinds including an overall declining Chinese market and tariffs in the US.