Stellantis (IT:STLAM) has released an update.
Stellantis reported a 27% decline in net revenues for the third quarter of 2024, driven by lower deliveries and unfavorable market conditions. The company remains optimistic, confirming its full-year guidance and planning to launch around 20 new models in 2024, including a significant push in electric vehicle offerings. Stellantis also completed a 3 billion euro share buyback program, reflecting its commitment to returning value to shareholders.
For further insights into IT:STLAM stock, check out TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
