Mercedes-Benz, Volkswagen, and Stellantis experienced lower sales and revenue in the first quarter as they prepared to launch new models and faced weak consumer demand. Mercedes-Benz's earnings dropped by 34% due to model changes and sluggish EV demand.
"#Europe’s largest carmakers suffered a Q1 slowdown amid slower demand in #China & at home... At VW, profits ⬇️20% YoY...Stellantis posted a bigger than expected revenue fall...Mercedes-Benz saw earnings ⬇️30%, as both sales volumes & margins fell" https://t.co/QzsD5eQWcS
WATCH: Three of Europe's biggest automakers endured a tough start to the year. Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue as they faced weaker consumer demand and rising competition https://t.co/SsgbuXPFzT https://t.co/qHCPntzFnf
Three of Europe's biggest automakers endured a tough start to the year. Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue as they faced weaker consumer demand and rising competition https://t.co/Cu7tVdxsY2 https://t.co/SUYTuhbRdq
WATCH: European car giants Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue as they geared up to launch new models, faced higher costs and were hit by weaker demand for new cars as interest rates remain high https://t.co/SsgbuXPFzT https://t.co/9gPlkhCGL1
European car giants Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue as they geared up to launch new models, faced higher costs and were hit by weaker demand for new cars as interest rates remain high https://t.co/Cu7tVdwV8u https://t.co/ZMcg4fTH8s
⚠️ SHIFT TO NEW MODELS, WEAK DEMAND HIT EUROPE'S AUTOMAKERS Full Story → https://t.co/G2Us3s6Uve Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models and faced weaker consumer demand for… https://t.co/vmAUc8DRrl
NEWS: Mercedes earnings plummeted 34% in the first quarter, weighed down by model changes and sluggish demand for its EVs. https://t.co/I2RpCW41Re