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Christian Meunier, chief executive officer of the Jeep brand at Stellantis NV, during the 2023 New York International Auto Show (NYIAS) in New York, US, on Wednesday, April 5, 2023.
Bloomberg | Bloomberg | Getty Images
Global automaker Stellantis on Tuesday reported a 12% decline in revenue in the first quarter, citing lower sales and foreign exchange effects, even as net pricing held firm.
Shares of Stellantis were down 2% at the Tuesday market open on the results.
Chief Financial Officer Natalie Knight said year-over-year shipment and net revenue comparisons were difficult due to the company’s transition to a “next generation product portfolio manufactured on new platforms.”
The…
Source cnbc.com
