business
Volkswagen sales plunge as German automaker lays out plan to slash number of brands
By Associated Press at KSAT 12 (ABC affiliate)
· July 10, 2026
· 2 min read
Volkswagen reported weak sales numbers on Friday, a day after the giant German automaker announced plans to slash the number of models by nearly half as sales plunged, particularly in China. The Wolfsburg, Germany-based company said group sales fell 8.6% in the second quarter to just under 2.1 mi...
Key takeaway The Wolfsburg, Germany-based company said group sales fell 8.
Why this matters in The San Antonio
The slump in Volkswagen sales, particularly in China, has significant implications for the local economy in San Antonio . As a major city in the southern United States, San Antonio has a substantial automotive industry presence, with several manufacturers and suppliers operating in the area. A decline in global sales for a major automaker like Volkswagen could potentially impact local businesses and jobs, especially if the company's plans to streamline its model lineup and reduce overcapacities lead to a decrease in production and employment. Furthermore, the growing competition in the electric vehicle market, where Volkswagen is attempting to gain a foothold, may also affect local companies involved in the automotive supply chain. The protest by Volkswagen employees in Germany, demanding job protections, also raises concerns about the potential impact on local workers in the industry. As the automotive landscape continues to evolve, San Antonio's economy will likely feel the effects of these global trends.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 10, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? Volkswagen reported weak sales numbers on Friday, a day after the giant German automaker announced plans to slash the number of models by nearly half as sales plunged, particularly in China. The Wolfsburg, Germany-based company said group sales fell 8.6% in the second quarter to just under 2.1 mi...
When was this published? This article was first published on July 10, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The San Antonio, or browse our daily briefing and topic hubs .
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