Stellantis’s profits for the first six months of this year almost halved compared with the same period in 2023, with the company blaming lower sales volumes and a reduced product mix for its weakened performance.
It made a profit of €5.6 billion (£4.7bn), 48% down on the €10.9bn (£9.2bn) it made in the six months to the end of June 2023.
The car-making giant’s operating income fell by 40%, from €14.1bn (£11.9bn) to €8.5bn (£7.1bn), which it attributed to a dip in North America.
Free cash flow fell from €8.7bn
