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Mercedes and VW’s Era of More Demand Than They Can Meet Is Over
- Automaker earnings plummet on EV slump, model changeovers
- Slew of revamped cars set to drive sales during second half
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Car buyers will be spoiled for choice with a slew of new models launching in the coming months. The question is whether consumers will be able to buy them.
Volkswagen, Stellantis and Mercedes-Benz say their new vehicles will help accelerate growth following a broad pullback during the first quarter. At Mercedes, earnings slumped 34%, with carmaking returns sinking well below targets amid high costs for model upgrades.