Stellantis cites progress on US inventories as revenue drops
OEM reduced its US dealer inventories by more than 80,000 units
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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