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Stellantis said it made almost $20 billion in 2023. The automaker also announced a dividend and stock buyback. Stellantis says it made $20B in net profit last year
The Netherlands-based Stellantis, the last Big Three automaker to report earnings this cycle, also said it will repurchase 3 billion euros ($3.2 billion) of shares this year, adding to a buyback ...
Stellantis reported a record profit in 2023, but so far this year, the automaker reported a first-half net profit of 5.6 billion euros ($6.07 billion), down 48% from the same period of 2023.
Stellantis' results were notably worse than those reported Tuesday by General Motors, which said it had a 2.2% drop to 659,601 in U.S. new vehicle sales, and Toyota, with an 8% drop to 542,872 ...
As of 2023, Stellantis was the world's fourth-largest automaker by sales, behind Toyota, Volkswagen Group, and Hyundai Motor Group. [13] In 2023, the company was ranked 61st in the Forbes Global 2000. [14] The company's stock is listed on the Borsa Italiana, Euronext Paris and the New York Stock Exchange. [15]
Stellantis stock tumbled following lackluster first-half results as the final Big Three automaker to ... a drop of 14% compared to a year ago. Stellantis’s net income fell 48% to €5.6 billion ...
A week earlier, Mercedes-Benz reported its full-year profit margins should only be on the order of 7.5% to 8.5%, down from previous guidance of 10% to 11%. Like Volkswagen and Stellantis, Mercedes ...
However, Stellantis reaffirmed that it remains on track to deliver about 20 new models this year, adding that it was making good progress on slashing bloated inventories, especially in the U.S.