Stellantis Stock Plunges More Than 10% As Automaker Reports Big Drop In Revenue
STLAStellantis(STLA) Investopedia·2024-05-01 05:15

Key Takeaways Stellantis reported a big drop in revenue and shipments as the carmaker prepares to release a number of new models this year. Sales slid 12% on volume, mix, and currency exchange headwinds, while the plans to introduce new vehicles dragged shipments down 10%. Stellantis is looking to release 25 new models in 2024, including 18 battery electric vehicles. Shares of the automaker fell to their lowest level since January. Shares of Stellantis (STLA) fell more than 10% Tuesday after the automaker r ...