Stellantis reported a 4 billion euro ($4.5 billion) cash shortfall in the third quarter as it continues its turnaround strategy of 60 billion euros ($66.7 billion) to restore profitability. Third-quarter revenue rose 1% to 37.6 billion euros, while adjusted operating income climbed 184% to 256 million euros from 90 million euros a year earlier. Negative industrial free cash flow narrowed to 4 billion euros from 4.3 billion a year earlier. Shares rose 3.6% after the European market opened but are down 62% since the start of the year. The company reaffirmed that it expects positive industrial free cash flow in 2027, and CEO Antonio Filosa said early progress has been made on the FaSTLAne 2030 plan.
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