Volkswagen flags Chinese competition in Brazil, sees limited Iran impact

Volkswagen AG

18/05/2026 20:33

SAO PAULO, May 18 (Reuters) - Volkswagen VOWG.DE is concerned about declining resale values of its vehicles as lower-priced Chinese competitors expand in the Brazilian market, the company's head in Brazil, Ciro Possobom, told Reuters on Monday.

     He added that the war in Iran has had both direct and indirect impacts on Volkswagen's operations, but despite the geopolitical tensions, supply chain disruptions remain manageable and have not led to vehicle price increases.

 (Reporting by Rodrigo Viga Gaier; Writing by Isabel Teles; Editing by Kylie Madry)

 ((Isabel.Teles@thomsonreuters.com;))