On July 25, Guolonghui | European car company Stellantis (STLA. US) fell more than 9.4% to $17.745. On the news front, Stellantis' first-half profits plummeted 48% to 5.6 billion euros, far below the market average expected 7 billion euros, affected by the reduction in sales volume and product mix, unfavorable impact of foreign exchange and restructuring costs. Revenue also fell 14% to 85 billion euros. During the period, Stellantis' deliveries in North America decreased by 18%, and the profit margin also showed a significant decline, mainly due to the decline in sales volume and unfavorable product mix.
美股异动丨Stellantis跌超9.4% 上半年盈利跌48%逊预期 北美交付量减少18%
U.S. stocks are abnormal | Stellantis fell more than 9.4%, and its first-half profits fell 48% below expectations. North American deliveries decreased by 18%.
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