German Volkswagen AG and Daimler AG announced on the 23rd that the continued strong economic growth in China, India, and Latin America and the increase in demand for commercial vehicles will offset the loss of sales of the two companies in the United States and Europe.
VW, Europe’s largest automaker, expects the company’s worldwide sales of commercial vehicles, trucks and buses to increase by 2.3% this year. The company’s global president of commercial vehicles, Stefan Schaller, said that the company’s innovation in the car will help the mass commercial vehicle sales continue to grow next year. Market survey results show that the sales volume of commercial vehicles in China in August this year increased by 23%.
Daimler, the world’s largest manufacturer of heavy trucks and buses, said that due to the good performance of the automotive market in developing countries, the company’s truck sales this year will also increase slightly. However, Andreas Renschler, head of the Daimler commercial vehicle division, said that due to the economic slowdown in Europe and the United States and rising raw material prices, the company’s commercial vehicle sales next year will not be easy.
At the same day, Volkswagen’s share price fell 4.96%, while Daimler’s share price dropped 0.87%.
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