Stellantis Faces Revenue Drop and Inventory Challenges Amid New Model Launches

Stellantis reports a 12% revenue decline in Q1 2024, with inventory levels rising as the automaker prepares for a wave of new models.

Stellantis, a major player in the global automotive industry, saw its stock fall by 10% as concerns over inventory management intensify.
The company's first-quarter revenue fell by 12%, with shipments also down by 10% due to low inventories and supply constraints.
Analysts express concerns about potential oversupply and discounting as Stellantis plans to introduce 25 new models in 2024.
Despite current challenges, Stellantis remains optimistic about the second half of the year, expecting improved shipments and stronger cash flow.
The automaker's struggles reflect broader issues in the European automotive market, with competitors also facing declining sales and earnings.