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Stellantis Reports €4B Cash Shortfall in Third Quarter

By Drooid · · How we work

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Story summary
  • Stellantis reported a €4 billion cash shortfall for the third quarter.
  • Adjusted operating income rose 184% to €256 million, up from €90 million a year earlier.
  • Shares gained roughly 6% in Milan and rose in pre-market New York trading after the results.
  • CEO Antonio Filosa said the Value Creation Program will achieve at least 40% of €6 billion efficiencies by year-end.
Stellantis Reports €4B Cash Shortfall in Third Quarter | Drooid