German carmaker Volkswagen has cut its global delivery forecast for the year as sales drop in China, its biggest market.
Despite overall strong sales in the first half of the year, the world’s second-largest carmaker has been forced to lower its delivery ambitions because of weakness in the Chinese market.
VW’s chief financial officer Arno Antlitz said a 1 per cent drop in Chinese car deliveries in the first half of the year had forced the group to lower its global delivery target for 2023.
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