Stellantis fourth quarter shipments fall 9% y/y
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FILE PHOTO: The logo of Stellantis is seen on the company's building in Velizy-Villacoublay near Paris, France, March 19, 2024. REUTERS/Gonzalo Fuentes/File Photo
ROME (Reuters) - Stellantis' said on Thursday its fourth quarter shipments were down 9% compared to the previous year, to 1.395 million vehicles.
In the final three months of 2024 shipments were down 28% in North America, fell 6% in Enlarged Europe area and up 12% in South America, it added in a statement.
Stellantis, currently focused on reducing bloated inventories, said numbers were an improvement compared to the third quarter, when global shipments were down 20% year-on-year.
(Reporting by Alvise Armellini, editing by Giulia Segreti)
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