Stellantis says revenues up, losses down in third quarter

Stellantis says revenues up, losses down in third quarter

(ANSA) - TURIN, 28 OTT - Stellantis said Wednesday that its net revenues amounted to 37.6 billion euros in the third quarter of 2026, up 1.0% on the same period last year, while net losses were down 90% to 500 million euros. The Italian-American-French group posted an adjusted operating income of 300 million euros for three-month period. "During the quarter, we continued to make progress in the early execution of our FaSTLAne 2030 plan, launching new products, accelerating partnerships as planned, and delivering meaningful improvements in manufacturing and quality," said CEO Antonio Filosa. "At the same time, our Value Creation Program has ramped up rapidly, with positive contributions being recognized in the quarter, and we remain on track to implement at least 40% of the total €6 billion in run-rate efficiencies by the end of this year. "As a result, we reaffirm our 2026 guidance, and our expectation of positive Industrial Free Cash Flow in 2027". Stellantis, whose brands include Jeep, Peugeot, Fiat, Lancia, Maserati, Alfa Romeo and Chrysler, made a net loss of 22.3 billion euros in 2025 following a huge write-down on its balance sheet after it overestimated the pace of the transition towards electric vehicles. (ANSA). Read article...