European automaker Stellantis' first-half profit plummeted 48% to 5.6 billion euros, far below the market average forecast of 7 billion euros, due to reduced sales volume and product mix, negative impact of exchange rates, and restructuring costs. Revenue also fell 14% to 85 billion euros. During the period, Stellantis' delivery volume in North America decreased by 18%, and profit margins also experienced a significant decline, mainly due to declining sales and unfavorable product mix. The company's CEO, Carlos Tavares, said that the company's first-half performance fell short of expectations, reflecting both a challenging industry environment and the company's own operational issues. The company is taking corrective measures to address these issues, and is expected to save an additional 0.5 billion euros in costs in the second half of the year, while also confirming the launch of 20 new cars this year.
Stellantis上半年盈利跌48%逊预期 确认今年推出20款新车
Stellantis' first-half profit fell 48% lower than expected and confirmed the launch of 20 new cars this year.
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