Revenue and operating profit grew at Stellantis in the first half to beat estimates, with CEO Carlos Tavares saying the automaker would have to accelerate cost cutting to keep profitability strong in a more challenging pricing environment.
Net revenue rose 12% in H1 due to higher shipmentsIndustrial free cash flow at 8.7 bln euros in H1in the first half to beat estimates, with CEO Carlos Tavares saying the automaker would have to accelerate cost cutting to keep profitability strong in a more challenging pricing environment.
New CFO Natalie Knight, who took the job this month, said pricing power was still the main driver for the results of the group whose brands include Fiat, Peugeot, Alfa Romeo, Ram and Jeep.
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