Jeep-maker Stellantis Reports 12% Revenue Decline in Q1 Due to Lower Sales Volumes, Sees Improved Growth and Profitability in Second Half of 2024

Benzinga
Benzinga
  • 21 days ago
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 "materially improved growth and profitability in the second half of the year."

Recommended

0:41
I
Up next
Trump Media Stock Stuns Analysts with Volatile Trading. Experts Warn of Trump's Impact on Stock Price.
Benzinga
0:44
Mining Giant Anglo American Rejects BHP's $39 Billion Takeover Bid, Citing Offer Was 'Significantly Undervalued'
Benzinga
0:41
Trump's Secret Plan to Expand Influence Over Federal Reserve Revealed
Benzinga
0:37
Federal Reserve Maintains Interest Rates, Citing 'Lack of Progress.' Sees Future Rate Hikes 'Unlikely.'
Benzinga
1:25
Wall Street's Most Accurate Analysts' Views On 3 Industrials Stocks With Over 3% Dividend Yields
Benzinga
0:32
Walmart to Close 51 Health Centers, Citing Financial Challenges and Insurance Reimbursement Issues
Benzinga
0:38
Trump's Attempts to Circumvent Gag Order Thwarted by Judge, Who Denied the Former President Advance Approval for Social Media Posts
Benzinga
0:35
Trump Media's Auditor Committed 'Massive Fraud,' Faces SEC Charges for Fabricating Documents
Benzinga
0:37
Binance Founder Sentenced to 4 Months in Prison for Money Laundering Charges
Benzinga
0:52
Did Elon Musk's Surprise China Mission Pay Off? Tesla Reportedly Inks FSD Deal With Internet Giant Baidu
Benzinga
0:35
Google Parent Alphabet Announces $70 Billion Stock Buyback Program After Stellar Q1 Results
Benzinga
0:35
US Secretly Provides Long-Range Missiles to Ukraine, Responding to Russian Threats
Benzinga
0:36
Apple Shares Down 10% Ahead of Q2 Earnings Report as Investors Eye iPhone Sales Performance
Benzinga
0:48
Fed's Key Inflation Indicator Hits 2.8%, Dashes Rate Cut Hopes; Traders On Alert
Benzinga
0:37
Trump Threatened with Jail Time Following Multiple Gag Order Violations in Hush Money Trial
Benzinga
1:01
Cathie Wood's Ark Invest Snaps Up $3.54M Worth Of Shares In This Biopharma Company Following Positive Obesity Pipeline Update
Benzinga
0:34
Judge Scrutinizes Google's Market Dominance in Landmark Antitrust Trial
Benzinga
1:15
Steve Jobs Wasn't A Fan, But Apple's Record Stock Buyback Is So Massive It Dwarfs Valuations Of Boeing, Starbucks, eBay And 415 Other S&P 500 Companies
Benzinga
0:48
Hunter Biden Demands Fox News To Remove Explicit Images, Alleges Defamation, Violation Of 'Revenge Porn' Laws: Report
Benzinga
0:53
Trump Vs. Biden: One Candidate Gains Significant Ground Among This Demographic In Tightly Contested Race
Benzinga

Benzinga

0:30
NYC-Dublin Portal Reopens with Enhanced Security Measures
Benzinga
0:39
UK's AI Safety Institute Expands to the US, Set to Open US Counterpart in San Francisco
Benzinga
0:40
'Copper Is the New Oil:' Analyst Predicts Copper Could Surge 50% Driven by AI and Green Energy Revolution
Benzinga
0:42
Red Lobster Files for Chapter 11 Bankruptcy as Pandemic and Industry Challenges Impact Iconic Seafood Chain
Benzinga
0:34
Nvidia Set to Release Q1 Earnings: Analysts Predict Significant Growth, But Signs of Slowing Momentum
Benzinga
0:44
AI Godfather Geoffrey Hinton Urges British Government to Adopt Universal Basic Income
Benzinga

Featured channels

More from
Billie Eilish
More from
TIME
More from
SportsGrid
More from
Billboard
More from
Travel and Leisure
More from
TMZ