Exor Posts $4.4 Billion Net Loss Due to Poor Performance of Listed Companies

Exor, the holding company of Italy's Agnelli family, reported a net loss of €3.79 billion due to poor performances at listed companies such as Stellantis. The company's net loss was a significant reversal from a €6.2 billion profit in 2021. Exor's listed companies, including Stellantis and Ferrari, were hurt by a decline in global car sales and rising costs. The company's results were also affected by a €5.5 billion impairment charge at Stellantis.