Volkswagen China Sales Decline for First Time Since 2005
Why Auto Sales Have Slowed This Year in China
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Volkswagen AG posted its first decline in Chinese deliveries in 10 years after six-month sales fell because of the slowing economy, as once-hot emerging markets become a drag on the world’s second-largest automaker.
VW’s deliveries in China, its largest market, dropped 3.9 percent to 1.74 million vehicles in the period, the company said in a statement. First-half sales in China last fell in 2005, when deliveries slumped 14 percent.