Stellantis saw a 27% decline in sales in Q3, attributing this to difficulties in North America and delays in new vehicle launches, particularly in Europe.
Despite challenges, Stellantis reported a 14% increase in sales in Latin America, fueled by strong demand in Brazil and Argentina, showcasing regional resilience.
The company reduced its U.S. vehicle stock significantly, and plans to recover with around 20 new vehicle launches this year, aiming to enhance performance.
Having transitioned through a merger, Stellantis is adjusting its expectations for operating margins in 2024 to 5.5 to 7 percent amid a tough global market.
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