Stellantis To Axe Underperforming Car Brands After Posting 48% Drop In Profits For The First Half Of 2024

Yuri Block
July 31, 2024

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Stellantis CEO threatens to axe underperforming car brands after posting 48 per cent drop in profits for the first half of 2024. The automaker reported net profits of €5.6b in H1 2024 (€11b in H1 2023), while revenues also dropped 14% to 85 billion euros. Stellantis was created in 2021 from the merger of Italian-American [……
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