-- Volkswagen China's CEO Ralf Brandstaetter said the market decline in China "cannot be ruled out" this year, calling flat sales the "best-case scenario," Reuters reported Wednesday.
The company now expects just 26 million annual sales by 2030, down from a previous 28 million forecast, according to the report.
Local rivals have ended Volkswagen's decades-long dominance in China, but it reclaimed the top spot in the first quarter after electric vehicle subsidies ended, Reuters wrote.
Brandstaetter said Volkswagen won't be returning to super-profits as competition in China is "far too fierce," the news outlet reported.
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