Jeep-maker Stellantis Reports 12% Revenue Decline in Q1 Due to Lower Sales Volumes, Sees Improved Growth and Profitability in Second Half of 2024 from tbf models Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:34 👁 View: 1.4M times ✓ Published: 01-May-2024
Description: Stellantis reported a 12% year-over-year decline in first-quarter revenue, citing lower sales volumes and foreign exchange impacts. Vehicle shipments fell 10% to about 1.3 million units as the company manages inventory ahead of new product launches. Stellantis is transitioning its portfolio and will launch 25 new models this year, including 18 battery-electric vehicles. Four new models were introduced in the first quarter, with the company expecting \