Volkswagen's China boss warns of fierce competition in slowing market

Volkswagen said it is bracing for tougher competition in China as the market could shrink for the first time in almost a decade. The warning points to weaker industry demand and a more challenging operating backdrop for the automaker in its largest growth region. The article is qualitative and contains no financial figures, so the likely market impact is limited but negative for VW sentiment.

Analysis

Volkswagen said it is bracing for tougher competition in China as the market could shrink for the first time in almost a decade. The warning points to weaker industry demand and a more challenging operating backdrop for the automaker in its largest growth region. The article is qualitative and contains no financial figures, so the likely market impact is limited but negative for VW sentiment.