Volkswagen China chief forecasts China passenger car market down 20% in 2026
Ralf Brandstaetter said China’s passenger car market is expected to decline by about 20% in 2026.
Volkswagen’s top executive in China, Ralf Brandstaetter, said on Tuesday that China’s passenger car market is expected to decline by about 20% in 2026. His remarks come as the German auto giant faces a deepening crisis in its biggest market, where deliveries are falling and profit margins are getting slimmer.