Volkswagen hopes exports will make up for some of China downturn, CFO says

Volkswagen AG

29/10/2026 09:48

       BERLIN, Oct 29 (Reuters) - Volkswagen  VOWG_p.DE  hopes
an increased focus on China as an export business will help
offset falling volumes in the market, where the group's joint
venture in Anhui is currently operating at a loss, finance chief
Arno Antlitz said on Thursday.
    The German auto group is aiming for an 11% market share in
the world's largest car market, meaning 2.3 million vehicles
annually under revised forecasts due to a slowdown in demand,
Antlitz said. This compared with previous plans for up to 2.8
million.
    "We try to fill the gap now," he said, adding that initial
export opportunities to the Global South from China were seen at
roughly 300,000.
    

    (Reporting by Rachel More
Editing by Linda Pasquini)
 ((rachel.more@thomsonreuters.com;))