VW trims model lineup as sales slump deepens, hit by China

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Source: ABC News - Breaking News, Latest News and Videos
VW trims model lineup as sales slump deepens, hit by China
Photo: ABC News - Breaking News, Latest News and Videos
TL;DR Summary

Volkswagen posted a 8.6% Q2 sales drop to about 2.1 million vehicles, with China down more than a third, as it announced a plan to cut its model lineup by up to half to reduce complexity and overcapacity. Core VW deliveries fell about 14%, Audi down 8%, and Porsche down 18%, while Lamborghini, Skoda and the trucks unit rose. The move comes amid geopolitics, tariffs and regulatory pressures, prompting skepticism from analysts and protests at the Zwickau plant where production has shifted to EVs.

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