Financial Wire

Market Chatter: Volkswagen Warns of China Market Decline in 2026

-- Volkswagen China's CEO Ralf Brandstaetter said the market decline in China "cannot be ruled out" this year, calling flat sales the "best-case scenario," Reuters reported Wednesday.

The company now expects just 26 million annual sales by 2030, down from a previous 28 million forecast, according to the report.

Local rivals have ended Volkswagen's decades-long dominance in China, but it reclaimed the top spot in the first quarter after electric vehicle subsidies ended, Reuters wrote.

Brandstaetter said Volkswagen won't be returning to super-profits as competition in China is "far too fierce," the news outlet reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Market Chatter: Volkswagen Warns of China Market Decline in 2026 | Financial Wire