Stellantis Posts Q3 Revenue Gain but Outlook Dims on Regulatory Costs
Stellantis reported a 13% rise in Q3 revenue, but investor confidence was weighed down by new charges, trade policies, and supply concerns.
The automaker expects second-half charges due to a shift in focus back to hybrid and gasoline vehicles after an electrification push. Additional costs will come from warranty extensions on flawed engines and other product issues.
Stellantis warned of upcoming charges tied to regulatory changes, strategy shifts, and product updates, unsettling investors and pushing its shares down by as much as 6.5% on Thursday.
Despite these setbacks, Stellantis reaffirmed its guidance for higher revenue, improving cash flow, and low-single-digit margins in the back half of the year.
Author's summary: Stellantis' Q3 revenue rises 13% amid regulatory costs concerns.
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