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Volkswagen Capitalizes on Tesla Weakness With EV Sales Jump
VW's global deliveries climbed 1.4% to 2.13 million units.
Photographer: Ronny Hartmann/AFP/Getty ImagesThis article is for subscribers only.
Volkswagen AG’s global deliveries rose in the first quarter, lifted by a surge in demand for its electric vehicles as customers turned away from Elon Musk’s Tesla Inc.
Global sales climbed 1.4% to 2.13 million units, Europe’s biggest carmaker said Wednesday. Growth in Europe and the Americas offset Volkswagen’s ongoing decline in China, where deliveries fell 7.1% in the three months through March.