According to parent group Volkswagen Group, Volkswagen sales shrank by 1.4 percent to approximately 4.8 million cars compared to a year earlier. In the large Chinese market, Volkswagen saw sales fall by more than 8 percent. There was also a contraction in Europe, by 1.7 percent. On the other hand, significant increases were achieved in North and South America. Sales director Martin Sander of Volkswagen passenger cars says that 2024 was a difficult year due to the weak economy, political challenges and strong competition, especially in China. He did indicate that he is looking at this year with optimism. In December, an agreement was reached with the Volkswagen union on a major restructuring to save costs. In addition, 35,000 jobs will be lost at the brand in the coming years, but there will be no forced redundancies. Closures of German Volkswagen factories are also prevented.
Source: www.autoweek.nl
