Stellantis Projects 9% Shipment Decline For Q4 Amid US Inventory Cuts - Stellantis (NYSE:STLA)
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Franco-Italian automaker Stellantis sold 1.395 million vehicles in the last three months of 2024, nine percent less than a year earlier.
Stellantis Sees Shipment Shrinkage in Final Quarter
Stellantis Sees Shipment Shrinkage in Final Quarter Stellantis announced on Thursday that its vehicle shipments fell by 9% in the fourth quarter compared to last year, totaling 1.395 million units.The company experienced a 28% decline in North America and a 6% drop in the Enlarged Europe region, while South America saw a 12% increase.Despite these declines, Stellantis emphasized this as progress from the third quarter, during which global shipme…
Stellantis, one of the largest global automakers, saw a significant decline in vehicle deliveries in the last quarter of 2024. The company said global deliveries fell 9 percent year-on-year to 1.395 million vehicles. The company saw mixed performance across regions as it tries to manage its inventory backlog.
The joint project of the car group Stellantis with its Chinese partner CATL in Figueruelas (Zaragoza) is taking its first steps, after that at the end of the year...
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