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Stellantis returns to profitability in Q1 as finance arm expands

Net financial services position rose 59.7% YoY

Johnnie Martinez II

Stellantis returned to profitability in the first quarter, supported by higher vehicle sales and improved operating performance, while its finance operations and balance sheet expanded alongside growth.  Net revenues rose 6.5% year over year to 38.1 billion euros ($44.6 billion), while net profit reached $442.1 million, reversing a loss in the same period last year, according to the automaker’s earnings release today. Adjusted operating income climbed to $1.2 […]

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