FRANKFURT/BERLIN — Volkswagen forecast on Friday (March 1) that sales growth would slow in 2024, joining competitors in warning of a weaker economic outlook, rising competition and higher costs.

Europe's top carmaker, whose brands include Audi, VW and Lamborghini, expects sales to grow by up to five per cent in 2024, after a 15.5 per cent increase last year to 322.3 billion euros (S$469.3 billion).