Finances
Stellantis reports sharp fall in revenue as it shifts portfolio
Maserati’s first GranCabrio convertible since 2019 is scheduled to go on sale this summer in the U.S.
Maserati
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.
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.”
This is a breaking news story and will be updated shortly.
