Volkswagen's sales in China decreased by 10%in September, while Jaguar Land Rover announced the suspension of production for two weeks this month on the grounds of demand decline, which led to a 15.7%decrease of the share price of the parent company Tata.
Chinese auto sales, which caused by global trade tensions, has fallen in the world's leading car manufacturers. Volkswagen's report on sales has fallen sharply, and Jaguar Land Rover announced the suspension of production for two weeks on the grounds of demand decline.
Volkswagen reports that Volkswagen brand cars in China in September in China MDASH; MDASH; the world's largest automobile market MDASH; MDASH; sales decreased by 10%, and dragged the Volkswagen brand global sales by 20%.
The market value of TATA MOTORS in India has evaporated by nearly sixths. One day ago, its British subsidiary Jaguar Land Rover announced that due to weak demand, its largest factories will be suspended for two weeks.
Tata's stock price fell 15.7%in the Mumbai market yesterday.Based on income, Tata Automobile is the largest department of India's largest comprehensive enterprise group.
Jaguar Land Rover blamed its decision to the two weeks of suspension of production in the England factory on September in September by 46%of MDash; MDASH; the company believes that trade tensions are one of the reasons for the decline in sales.The factory produces its flagship Range Rover.
US President Donald Bull; Trump's Donald Trump has launched a shock wave in the automotive industry.The industry is seriously dependent on the import and export of parts and vehicles in global.
China Geely (Geely) canceled the US $ 30 billion of Volvo Cars last month to make the first public issuance (IPO) plan to blame the uncertainty caused by the trade war.
Due to the uncertainty of tariffs, Ford decided not to sell the new Focus household car in China in the United States.
Volkswagen's number of cars delivered to the Chinese market yesterday decreased by 10.5%(to 277,800 vehicles).The company said that due to continuous tariff disputes with the United States, Chinese consumers generally have obvious uncertainty.
Volkswagen brand models in September also decreased by 43%year -on -year to 91,100 vehicles.This is because according to the new regulatory procedure on September 1, MDASH; MDASH; the WorldWide Light Vehicles Test Procedure, many models of the company have not been approved by sales.
The sharp decline in European market sales led Volkswagen's global delivery volume of 18.3%to 485,000 units last month.
Volkswagen is expected to return to a normal level in the next few months.
Translator/He Li
