Thursday December 12, 2019

Volkswagen q1 market share hits five-year low

Buyers snub efforts to resolve emissions crisis

15th April, 2016
Volkswagen slump: Pic:Pixabay

Volkswagen’s European first-quarter market share reached a five-year low as auto buyers snubbed the German carmaker’s efforts to resolve its emissions-cheating scandal and turned to models from BMW, Fiat Chrysler Automobiles and Daimler.

Volkswagen’s brands, including mass-market Skoda and up-market Audi, accounted for 23.4 percent of new registrations in the three months ended March versus 24.4 per cent a year earlier, the European Automobile Manufacturers’ Association said today. That was...

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