Volkswagen:Quarterly Results/2024 Q1: Difference between revisions

Volkswagen:Quarterly Results/2024 Q1 (view source)

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 * “Q1 revenue continues to illustrate the strict application of our commercial policy focused on value,” said Thierry Piéton, CFO of the Renault Group. “The strong orderbook at the end of March and our upcoming launches will provide sequential acceleration in the activity. Coupled with an increase in cost reduction, they will drive our financial performance,” he added.
 * Renault said pricing effect contributed a 4.1 points increase in revenue while devaluation of currency led to a -4.3 points decrease in revenue<ref>https://media.renaultgroup.com/2024-q1-group-revenue/</ref>.
+=== General Motors ===
+* GM's Q1 2024 revenue was up 7.6% y/y to $43.01 billion, higher than $41.92 billion estimate, driven by higher wholesale volumes in North America<ref>https://www.cnbc.com/2024/04/23/general-motors-gm-earnings-q1-2024.html</ref>.
+* GM said they saw steady pricing trends during the quarter. Pricing trends were below the 2%-2.5% headwind built into the full-year guidance and pricing has remained relatively consistent so far in April<ref>https://www.fool.com/earnings/call-transcripts/2024/04/23/general-motors-gm-q1-2024-earnings-call-transcript/</ref>.
 == References ==