Stellantis reports Q3 revenue EUR 45.1B vs. EUR 42.1B last year

Reports total new vehicle inventory of 1,387 thousand units at September 30. Tentative agreement reached with both UAW and Unifor. Work stoppages negatively impacted Net revenues by approximately EUR 3B, compared to planned production, through October. The company said, “In the first half of this year, Stellantis emerged as the industry leader for AOI, AOI margin, and Industrial Free Cash Flows among its comparable peers. Today, we are focused on maintaining our momentum by delivering industry-leading profitability and cash flows, addressing critical near-term industry challenges, and continuing our electrification and technology transformation. This growth is propelling the execution of our Dare Forward 2030 strategy.”