Volkswagen stated the continuing commerce dispute with the United States had dampened the enterprise local weather in China, its most essential market, over the second half of 2018.
Volkswagen’s head of gross sales, Christian Dahlheim, stated in a webcast on Friday that he anticipated demand in China to stay steady in 2019, though the primary quarter can be difficult.
Separately, Dahlheim stated the German carmaker didn’t foresee a major monetary impression in 2019 from the implementation of the brand new WLTP emissions normal, which price the corporate 1 billion euros ($1.2 billion) in 2018.
Volkswagen Group stated December deliveries fell 8.4 %, to 916,200 vehicles, from 999,900 a yr earlier.
December group deliveries to China dropped by 12.5 % year-on-year, the Wolfsburg-based carmaker stated, including deliveries additionally fell by 5.6 % in Europe and by 3.4 % in the United States.