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Volkswagen sales plunge as German automaker lays out plan to slash number of brands
Volkswagen reported an 8.6% sales decline in Q2, with a significant drop in China, as the automaker announced plans to reduce its model lineup by up to half. CEO Oliver Blume emphasized streamlining operations to improve competitiveness amid rising costs and stiff competition, particularly from Chinese electric vehicle manufacturers.
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- Volkswagen sales plunge as German automaker lays out plan to slash number of brands
- Volkswagen sales plunge as German automaker lays out plan to slash number of brands
- Volkswagen sales plunge as German automaker lays out plan to slash number of brands
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