Stellantis NV reported its second quarter financial results for 2024 with total revenue of EUR 85.017 billion, marking a decrease of 14% compared to the previous year. The operating income stood at EUR 6.639 billion, reflecting a year-over-year decline of 3% and a significant 27.88% drop from Q1 2024. The company faced considerable headwinds including high R&D and CapEx expenditures, operational flaws, and ineffective marketing strategies, particularly in the North American market. However, the management is optimistic about a product blitz, rolling out 20 new models, which is expected to enhance competitive positioning and address current operational issues. Carlos Tavares, CEO, characterized the results as a 'disappointment' but emphasized the resilience of the team in resolving these issues and returning to profitability.