Stellantis Group's profit fell in the first half of the year and plans to close unprofitable brands

Stellantis Group, the world's fourth largest automaker, saw its net profit in the first half of 2024 drop 48% year-on-year, with net revenue of 85.017 billion euros and adjusted operating profit of 8.463 billion euros. Faced with declining profits, Stellantis Group plans to take a series of measures, including shutting down unprofitable brands. At the same time, Stellantis Group will launch 20 new cars this year. The actions taken to improve the performance of North America, Europe and Maserati will create opportunities for improved performance in the second half of 2024 and the full year of 2025.