Volkswagen third quarter deliveries fall on plummeting China demand

Volkswagen said its global deliveries fell 14.3 per cent in the third quarter, a decline Business Recorder reported on Monday. The group handed over 1.89 million vehicles in the period, with weaker demand in China dragging the total lower. China, the group's biggest market, saw deliveries slump 38.5 per cent during the quarter and sit 30.2 per cent below their level in January.

Deliveries in North America dropped 5.8 per cent, while those in Western Europe eased 2.8 per cent. Central and Eastern Europe was the only region of the three to post growth, rising 1.4 per cent.

Martin Sander, who sits on the group's extended executive committee, spoke in a written statement. He described the steep drop in China as a challenge shared by the entire industry.