Europe

DAVOS, Switzerland — Volkswagen Group CEO Herbert Diess said he sees “clear improvement” in semiconductor supplies and expects the automaker’s global production can recover during the rest of this year. Diess, speaking on the sidelines of the World Economic Forum conference in Davos, Switzerland, said disruptions to VW’s supply chain in Ukraine are also easing.
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Mercedes-Benz’s new, more luxury-focused MMA entry-level platform will launch in 2024 with an all-electric model in 2024, the company said. The “electric first” platform, which can also accept internal-combustion engines, will debut a new generation of technology and set the standard for future Mercedes architectures to come, CEO Ola Kallenius said.  Mercedes briefly showed a silhouette
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Mercedes-Benz can now focus exclusively on passenger cars following the Daimler Trucks spinoff in 2021, and strong first-quarter results appear to be proof that strategy is working.  Mercedes is achieving those results as it rolls out its lineup of dedicated full-electric cars, including the EQS sedan and SUV, and the EQE sedan and expected SUV.
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