Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance

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Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance
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Global battery electric vehicle and low emission vehicle sales were up 24% and 28% year-on-year, respectively.

Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments.

The manufacturer of Jeep, Dodge, Peugeot and other brands recorded second-quarter net revenues of 98.4 billion euros and a net profit of 10.9 billion euros. Global battery electric vehicle and low emission vehicle sales were up 24% and 28% year-on-year to 169,000 units and 315,000 units, respectively.on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments.

The manufacturer of Jeep, Dodge, Peugeot and other brands recorded second-quarter net revenues of 98.4 billion euros and a net profit of 10.9 billion euros. The company confirmed its 2023 guidance while raising its growth outlook in Europe and the Middle East & Africa from 5% to 7%.

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