Stellantis reduces loss by 90% in Q3 and profits 217 million until September

Stellantis reported a significant reduction in losses for Q3, down 90% to €453 million, while achieving a profit of €217 million for the year so far. Despite a slight 1% increase in revenue to €37.6 billion, vehicle sales fell by 2% to 1.308 million units. The adjusted operational result surged by 184% year-on-year to €256 million. Sales grew in North America and Europe, driven by electric vehicle demand, while declines were noted in South America, the Middle East, Africa, and Asia-Pacific. CEO Antonio Filosa emphasized progress in their strategic plan and confirmed financial targets for the year.