Volkswagen said the ongoing trade dispute with the United States had dampened the business climate in China, its most important market, over the second half of 2018.
Volkswagen’s head of sales, Christian Dahlheim, said in a webcast on Friday that he expected demand in China to remain stable in 2019, although the first quarter would be challenging.
Separately, Dahlheim said the German carmaker did not foresee a significant financial impact in 2019 from the implementation of the new WLTP emissions standard, which cost the company 1 billion euros ($1.2 billion) in 2018.
Volkswagen Group said December deliveries fell 8.4 percent, to 916,200 vehicles, from 999,900 a year earlier.
December group deliveries to China dropped by 12.5 percent year-on-year, the Wolfsburg-based carmaker said, adding deliveries also fell by 5.6 percent in Europe and by 3.4 percent in the United States.
Source : CNBC