The company did not provide a new timeline for the launch of the electric sedan. It was slated to be rolled out in the U.S. and Canada later this year.
Global automakers including Ford, General Motors and Mercedes are rethinking their EV plans as the sector struggles with slowing demand. They are instead focusing on higher-margin hybrids and gasoline-powered models.
Earlier this year, Volkswagen told Reuters that it was sticking with its plans to launch 25 EVs in North America by 2030, but was ready to adjust as the market shifts.
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