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.
April 30, 2024
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