Volkswagen

Volkswagen says the market is and risks slowing sales

STORY: Volkswagen expects auto sales to slow this year. The German auto giant forecasts a 3% increase in sales from 2024. This is a sharp drop from last year, when deliveries rose 12% to 9. 24 million cars. Array VW blames the bleak economic outlook and developing competition, but added that it remains independent. -he assured about next year. The automaker joins its rivals in caution ahead of a difficult year. Last month, Stellantis also predicted a “turbulent” 2024. However, VW expects vehicle orders in Western Europe to increase in the coming months thanks to new models, adding fully electric models. The company recently unveiled the electric ID. 7 and plans to launch a record 30 more. New models this year. The organization said it had “started the new year with an obviously positive trend” compared to the start of last year. The new electric vehicle launches come as demand growth for electric vehicles has slowed. German rival Mercedes-Benz said last month it would delay its electrification. goal within five years. And he said that he would continue to renew the models with combustion engines. VW CEO Oliver Blume said electric cars were “the future, period,” but added that the automaker is “flexible enough to adapt to adjustments in other markets. “

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