Volkswagen AG·Consumer Cyclical

Car deliveries fell 15% as the end of production of its petrol-powered 718 range and the discontinuation of tax incentives for electric and hybrid vehicles in the U.S. dented sales.

Porsche AG's deliveries slumped further in the first three months of 2026, with sharp declines in key markets China and the United States, as loses its shine across.

Volkswagen will no longer produce the all-electric ID.4 at its U.S. factory in Chattanooga, Tennessee, as the German automaker shifts its resources into high-volume vehicles like its upcoming gas-powered Atlas SUV.

Volkswagen said it is ending US production of its ID.4 crossover SUV. The automaker is prioritizing assembly of its gas or hybrid-powered Atlas SUV.

The German carmaker is the latest to scale back plans for electric vehicles in favor of gasoline models.

Volkswagen said on Thursday it will end production of the ID.4 electric SUV out of its Tennessee plant this month, citing a challenging time for the U.S. electric vehicle market.
Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines, and vehicle software; and light commercial vehicles; and produces and sells passenger cars and related parts. The Commercial Vehicles segment develops, produces, and sells trucks and buses; and offers parts and related services. The Power Engineering segment offers large-bore diesel engines, turbomachinery, and propulsion components. The Financial Services segment provides dealer and customer financing, leasing, banking and insurance, fleet management, and mobility services. The company also offers motorcycles. It provides its products under the Volkswagen Passenger Cars, Audi, KODA, SEAT, Bentley, Porsche, Volkswagen Commercial Vehicles, Scania, MAN, Lamborghini, Ducati, and Bugatti brands. Volkswagen AG was founded in 1937 and is based in Wolfsburg, Germany. Volkswagen AG operates as a subsidiary of Porsche Automobil Holding SE.
Consumer Cyclical
Auto - Manufacturers
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2003-01-02
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