Stellantis Faces Revenue Drop Amid Inventory Challenges

The automaker reports a 27% decline in third-quarter revenues, with significant impacts in North America and efforts underway to stabilize operations.

Stellantis' global revenues fell to €33 billion in the third quarter, a 27% decrease from the previous year, with North America experiencing the steepest decline at 42%.
The company delivered 1.17 million vehicles, marking a 21% reduction in shipments, driven by delayed launches and inventory issues.
Efforts to reduce bloated inventories in the U.S. are progressing faster than anticipated, with a significant reduction in dealer stock levels.
Stellantis plans to introduce approximately 20 new models in 2024, focusing on both electric and hybrid vehicles to boost future sales.
The automaker maintains a strong balance sheet despite expecting negative cash flow for the year, while considering adjustments to dividends and share buybacks in 2025.