Stellantis (IT:STLAM) has released an update.
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Stellantis N.V. reported a challenging first half in 2024 with a 14% drop in revenues and a 48% decrease in net profit, primarily due to lower volumes and a difficult market in North America. Despite near-zero industrial free cash flows, the company is addressing operational issues and is launching over 20 new products, including electric vehicles and refreshed models, to drive future growth. Stellantis returned €6.7 billion to shareholders and plans to continue its capital return program aggressively.
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