“Volkswagen AG (VOW), Europe’s biggest automaker, said global sales growth slowed in March and that headwinds in its home region are intensifying.
VW eked out a 0.2 percent rise in deliveries in March to 864,400 vehicles as robust demand in China and North America more than offset shrinking sales across Europe, the Wolfsburg, Germany-based carmaker said in a statement today. In the first two months of the year, VW vehicle deliveries rose 8.3 percent to 1.4 million.
“The data for March clearly show that the markets are becoming even more difficult,” Christian Klingler, VW’s sales chief, said in the statement.
Auto executives are forecasting a sixth straight annual decline for the industry in Europe this year as the region’s waning economy stifles demand for new cars….”
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