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Home » Stellantis cites progress on US inventories as revenue drops

Stellantis cites progress on US inventories as revenue drops

OEM reduced its US dealer inventories by more than 80,000 units

Bloomberg NewsbyBloomberg News
October 31, 2024
in Earnings
Reading Time: 2 mins read
0
Earlier this month, the owner of the Jeep and Fiat brands reported declining third-quarter vehicle shipments. Photographer: Oliver Bunic/Bloomberg

Photographer: Oliver Bunic/Bloomberg

Stellantis NV’s third-quarter revenues slumped 27% as the automaker shipped fewer cars from factories in most of its major markets. Net revenues fell to €33 billion ($35.8 billion), Stellantis said Thursday, missing analyst projections for a €35.9 billion result. Shipments were down in regions including Europe and North America, where the company is working to […]

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