China’s Passenger Car Market to Shrink 20%, Says VW Top Executive
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The Chinese market for passenger cars should fall by about 20% in 2026, said on Tuesday (22) Ralf Brandstaetter, Volkswagen's main executive in China. The comments were made at a time when the German assembler faces an increasingly deep crisis in its largest market, pressured by the drop in deliveries and narrowing of profit margins. The current contraction of the Chinese market has an impact equivalent to that of the covid-19 pandemic, said Bra…
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Volkswagen Warns China’s Passenger-Car Market Could Shrink 20% in 2026
Volkswagen China chief Ralf Brandstaetter expects China’s passenger-car market to contract by about 20% in 2026, underscoring the growing challenges for global automakers as deliveries ... The post Volkswagen Warns China’s Passenger-Car Market Could Shrink 20% in 2026 first appeared on [your]NEWS.
Ralph Brandstadter, Chief Executive Officer of China's Volkswagen Company, predicted a 20 per cent contraction in the Chinese passenger market during the current year, as market demand continued to decline. At a summit of the sector, according to Reuters, the current contraction in the Chinese automobile market was equivalent to the market's repercussions during the Koffid-19 pandemic. [...] The article Volkswagen warns against a sharp contracti…
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