Stellantis reported a 4 billion euro, or $4.5 billion, cash shortfall in the third quarter despite continuing its 60 billion euro turnaround plan. Revenue rose 1% to 37.6 billion euros, while adjusted operating income jumped 184% to 256 million euros. Negative industrial free cash flow improved from negative 4.3 billion euros to negative 4 billion euros, and the group reaffirmed its target of turning positive in 2027. The plan includes 36 billion euros in investments, with 60% earmarked for North America, a region marked by years of declining sales. Stellantis is also facing intensifying competition from Chinese brands in China and Europe.
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