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    Volkswagen's first-quarter deliveries drop 4% on weak China, US

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    <span>STORY: Volkswagen reported a 4% fall in global deliveries in the first three months of the year.</span><span>The German auto giant was hit by weak demand in China and the U.S.</span><span>VW said first-quarter deliveries dropped 15% in China and by a fifth in the U.S.</span><span>China has become a major challenge for German carmakers like VW, Mercedes-Benz and BMW.</span><span>They have to deal with an intense price war with fast-moving local brands like BYD.</span><span>China's slowdown has also hit Volkswagen brands Porsche and Audi.</span><span>Porsche's quarterly deliveries fell more than a fifth in the country.</span><span>VW also saw pressure from tariffs and the end of electric vehicle subsidies in the U.S.</span><span>The automaker said the first quarter saw - quote - 'very challenging economic and geopolitical conditions'.</span><span>Looking ahead, VW has bet on a wave of new EVs developed with local partners to regain ground in China.</span><span>It also plans model launches for Europe, where the group saw growth in the first quarter.</span><span>It said deliveries rose 4% in Western Europe and 8% in Central and Eastern Europe.</span>

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