Skip to Content

Stellantis profits soar 37% in first half of the year as electric vehicle sales rise

KIFI

MILAN (AP) — U.S.-European carmaker Stellantis has reported a 37% boost in earnings in the first half of the year. The results Wednesday were driven by strong North America income and an increase in electric vehicle sales in Europe. Profit in the first six months of the year was 10.9 billion euros, or $12.07 billion, compared with 7.96 billion euros in the first half of 2022. The carmaker set record net revenue in the first six months of the year of 98.4 billion euros, up 12% over a year earlier. CEO Carlo Tavares called the first-half performance “outstanding,” saying that it “supports our long-term stability.”

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content