Stellantis reported a significant 19.8% drop in vehicle sales in Q3, marking its fifth consecutive decline in the US. The company anticipates a 21% revenue decrease and has downgraded its 2024 outlook due to North American performance issues and global industry conditions. Sales fell across five of its six key brands, with only Fiat seeing a slight increase. High inventory levels, lack of incentives, and weakened demand are contributing factors. Stellantis has implemented cost-cutting measures and reduced its workforce while aiming for a revenue increase by 2030. Shares have fallen to a near two-year low, down 90% from their peak in March. Teljes cikk (Euronews.com)