BERLIN – Volkswagen on Friday reported a 1% increase in global deliveries in the third quarter, as new models boosted sales in Western Europe.
Sales in Europe and South America allowed the German carmaker to counter pressure from China and the United States, Marco Schubert, member of the group’s extended executive committee for sales, said in a statement.
The group’s deliveries to China were down 7% over the quarter.
Deliveries of battery electric vehicles (EV) increased by 33.1% between July and September, reaching 252,100 vehicles.
In Europe and North America, Volkswagen EV deliveries increased by 60% and 213.5% respectively, while they fell by 55% in China.
Marco Schubert explained that this was linked to the varying market conditions in these three regions.
Volkswagen’s Porsche AG division recorded a 26% drop in sales in China in the first nine months of the year, the sports car maker said on Thursday.
The group cut its forecast in September and said it would suffer a loss of 5.1 billion euros due to Porsche AG’s plans to delay the launch of fully electric models due to weak demand, pressure from a difficult Chinese market and U.S. tariffs.
(Written by Bernadette Hogg and Ilona Wissenbach, Etienne Breban, edited by Kate Entringer)
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