Volkswagen press release (OTCPK:VWAGY): Q1 GAAP EPS of €6.49. Revenue of €75.5B (-0.9% Y/Y). At 2,266,441 vehicles, the Volkswagen Group’s production in the first quarter of 2024 (including the equity- accounted companies in China) was on a level with the previous year (–0.3%). The Volkswagen Group delivered 2,104,348 vehicles to customers worldwide in the first quarter of 2024. This was 3.1% or 63,673 units more than in the same period of the prior year. Deliveries to Volkswagen Group customers, including the Chinese joint ventures, increase to 2.1 (2.0) million vehicles in the first three months of 2024; Western Europe at the prior-year level; growth in all other sales regions worldwide. Deliveries of all-electric vehicles to customers down slightly year-on-year (–3.3%) due to market-related factors and parts supply shortages; share of Group deliveries at 6.5 (6.9)%. Sales of Volkswagen Group passenger cars and light commercial vehicles worldwide from January to March 2024 increased by 3.4% year-on-year to 2,023,199 units. Outlook for 2024: “We expect the sales volume for 2024 to be slightly above the previous year’s figure. For 2024, we anticipate that the volume of new passenger car registrations in Western Europe will be slightly higher than that recorded in the reporting year. In the German passenger car market, we expect the volume of new registrations in 2024 to also be slightly up on the prior-year level. Sales of passenger cars in 2024 are expected to significantly exceed the prior-year figures overall in markets in Central and Eastern Europe – subject to the further development of the Russia-Ukraine conflict. The volume of sales in the markets for passenger cars and light commercial vehicles (up to 6.35 tonnes) in North America in 2024 is forecast to be slightly higher than the level seen the previous year. We also anticipate a slight increase in new registrations in the South American markets in 2024 compared with the previous year. Likewise, the passenger car markets in the Asia-Pacific region are expected to be slightly up on the prior-year level in 2024. For 2024, we expect to see a slight downward trend in new registrations for mid-sized and heavy trucks with a gross weight of more than six tonnes compared with the previous year in the markets that are relevant for the Volkswagen Group,” the company said.