Stellantis Stock News

[00:00:05] Douglas McIntyre: So one of the things that we've seen in the media fairly recently is that Nissan and Honda, be a And what it tells me is that if you're in the second tranche of big car companies, they're both they're not Volkswagen, Toyota, or GM, that you need to look for economies of scale right now because the electric guys are starting to eat your lunch.

Stellantis (STLA) shares lost ground in intraday trading Thursday after the carmaker reported a big drop in shipments as it cleared out U.S. inventory.

Stellantis NV (NYSE:STLA, EPA:STLA), the automaker behind Jeep, Ram, Chrysler, Fiat, and Peugeot, reported a 9% drop in vehicle deliveries globally for the fourth quarter of 2024. In North America, deliveries dropped 28%, with 115,000 fewer cars shipped compared to the same period in 2023.

Stellantis' said on Thursday its fourth quarter shipments were down 9% compared to the previous year, to 1.395 million vehicles.

Der Autokonzern Stellantis NL00150001Q9 hat auch im vierten Quartal spürbar weniger Autos verkauft als ein Jahr zuvor.

Automaker Stellantis achieved its goal of cutting U.S. inventories by over 100,000 vehicles late last year, its North American chief said at the Detroit Auto Show Friday.

Stellantis' top priority for the U.S. this year is to grow its retail market share after several years of declining sales in its largest, most crucial market. Stellantis' U.S. sales, including retail and fleet, have declined every year since 2018.

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