Volkswagen Brand Sales Plunged in April
May 11 2020 - 6:02AM
Dow Jones News
By Giulia Petroni
Volkswagen AG's sales for its Volkswagen brand plunged in April
as a result of the coronavirus hit, the company said on Monday.
The German car maker registered a roughly 68% fall in VW brand
sales in Germany. Sales in Europe fell more than 83%, the company
said, adding that in some affected countries--including the U.K.,
Italy, Spain and France--almost no vehicles were sold.
In the U.S., April sales were down 35%, while in China the
company registered only a 2.5% fall and said it expects to reach
the same levels as last year in May.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 11, 2020 05:47 ET (09:47 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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