Volkswagen, BMW, Ford, and Mercedes-Benz: Automotive Industry Updates for Q1
10 Abril 2024 - 8:56AM
IH Market News
Volkswagen Sees Continued Growth with a Focus on
China
Volkswagen AG (TG:VOW) reported a significant increase in its
global deliveries for the first quarter of 2023, reaching a total
of 2.1 million vehicles, marking a 3% growth compared to the same
period last year. China stood out as the main market driving this
growth, with an 8% increase in deliveries amounting to 693,600
vehicles. Despite this, the Asia-Pacific region, excluding China,
experienced a 16% drop in deliveries. However, South America
recorded a significant increase in sales, as highlighted by the
German automaker.
Hildegard Wortmann, from the Group’s Executive Committee for
Sales, emphasized the importance of Volkswagen’s diversified
product portfolio in addressing market fluctuations, especially in
segments such as electric vehicles.
BMW Reaches Milestone with Electric Vehicles
BMW (TG:BMW) announced a 27.9% increase in electric vehicle
(BEV) sales in the first quarter of 2024, delivering 82,700 units.
This growth attests to the automaker’s continued upward trajectory
in the BEV market. With the delivery of its one-millionth electric
vehicle since the launch of the BMW i3, BMW celebrates a
significant milestone, underscoring the attractiveness of its
product portfolio.
BMW’s total deliveries for the quarter reached 594,671 units, a
slight increase of 1.1% from the previous year, with BEV sales
benefiting from consistent performance across all major global
regions.
Ford Recalls Due to Fire Risks
Ford Motor Company (NYSE:F) is recalling 42,652 vehicles in the
United States due to issues with the fuel injector that could lead
to cracks and leaks, increasing the risk of fire in the engine
compartment. Specific models include some 2022-2023 Bronco Sport
and 2022 Escape vehicles equipped with 1.5-liter engines. Ford will
notify affected owners for a free update of the engine control
software and the installation of a drain tube.
Mercedes-Benz Faces Challenges in Q1
The Mercedes-Benz Group AG (TG:MBG) reported a 6% decrease in
its deliveries for the first quarter of 2024, totaling 568,400
units, with an even more pronounced drop of 9% in electric vehicle
sales, to 50,500 vehicles. The automaker faced significant
challenges, especially in Europe and Asia, due to supply chain
issues, while sales in North America fell by 1%.
Britta Seeger, from the Mercedes-Benz Board of Management,
promises an exciting 2024, with several new product launches
planned, especially in the luxury segment, despite the challenges
faced in the first quarter.
These developments highlight the varied dynamics within the
automotive industry, with a growing focus on vehicle
electrification, supply chain challenges, and the importance of
strategic markets like China for global growth.
Bayerische Motoren Werke (TG:BMW)
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