Part 2/8:
Volkswagen faced a difficult year in 2024, reporting a mere 2.3% decline in sales, which translates to a loss of approximately 211,000 units. While this might not seem substantial at first glance, the implications are serious, particularly concerning the company’s performance in China — a market that has historically been a pivotal driver of its profits. In 2024, Volkswagen’s sales in China plummeted by 99.5%, drastically affecting its overall sales figures. As a chairman’s analysis suggested, Volkswagen had sold less than 3 million vehicles in China, marking a significant reduction from previous years.