Stellantis Q1 revenues fall 12%, forecasts stronger second-half

MILAN -Stellantis said on Tuesday its revenue fell 12% in the first quarter, but the Franco-Italian car maker was confident new models would support its growth and profitability in the second half of the year.

Lower volumes, an unfavourable product mix and foreign exchange dynamics weighed on the result, although they were partially offset by a "firm" pricing power, Stellantis , Fiat, Jeep and Alfa Romeo, has launched four new models since the beginning of 2024, out of a total of 25 planned for the full year, including 18 fully electric vehicles .

"Those are blockbuster products for us," she said, adding that the group was confident that the new model roll-out plan "sets the stage for materially improved growth and profitability in the second half of the year".Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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