Still sees FY double-digit AOI margin (Il Sole 24 Ore Radiocor) - Paris, 25 Jul - Stellantis reiterated its financial guidance of a double-digit AOI margin in 2024, as well as a positive industrial free cash flow, despite macroeconomic uncertainties.

'The company's performance in the first half of 2024 fell short of our expectations, reflecting both a challenging industry context as well as our own operational issues. While corrective actions were needed and are being taken to address these issues, we also have initiated an exciting product blitz, with no fewer than 20 new vehicles launching this year, and with that brings bigger opportunities when we execute well. We have significant work to do, especially in North America, to maximize our long-term potential. I want to thank every employee for their teamwork and commitment during this very consequential chapter of our story,' said the CEO, Carlos Tavares.

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(RADIOCOR) 25-07-24 08:33:57 (0186) 5 NNNN