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Stellantis stories sharp fall in income because it shifts portfolio

Maserati’s first GranCabrio convertible since 2019 is scheduled to go on sale this summer time within the U.S.

Maserati

World automaker Stellantis on Tuesday reported a 12% decline in income within the first quarter, citing decrease gross sales and overseas trade results, whilst web pricing held agency.

Chief Monetary Officer Natalie Knight stated year-over-year cargo and web income comparisons had been troublesome as a result of firm’s transition to a “next generation product portfolio manufactured on new platforms.”

It is a breaking information story and can be up to date shortly.

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