Volkswagen April Deliveries Jump 39% As China Springs Back

Volkswagen AG VWAGY said its group deliveries for April 2023 jumped 39% year-on-year to 720,200 units.
The increase was spurred by a 79% rise in China deliveries.
In Western Europe, the automotive company delivered 254,700 units, representing a 28.7% growth.
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Year-to-date deliveries totaled 2.76 million vehicles, a 14.3% Y/Y increase.
In Q1, Volkswagen delivered 2.04 million vehicles globally, a 7.5% increase year-on-year.
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Price Action: VWAGY shares are trading lower by 1.66% at $16.00 on the last check Friday.