Volkswagen, Mercedes-Benz, and Stellantis report lower first-quarter sales and revenue; plan new model launches to boost growth and maintain 2024 outlook.

Volkswagen, Mercedes-Benz, and Stellantis have reported lower sales and first-quarter revenue, with each company planning to launch new models in an attempt to accelerate growth. This follows a weak start to the year for the auto industry. Despite the challenges, Volkswagen, Mercedes-Benz, and Stellantis have maintained their outlook for 2024, expecting increased sales revenue and operating margins. The new models are expected to help improve the companies' financial performance throughout the year.