Stellantis Group's net revenue declined in the third quarter of 2024, but new product launches and market response were positive

In the third quarter of 2024, Stellantis Group's net revenue was 33 billion euros, a year-on-year decrease of 27%. The main reasons were the decline in shipments, structural differences, product pricing and foreign exchange effects. The Group launched a global product line upgrade transformation, resulting in the suspension of production of some models. Inventory reduction measures were implemented in North America, and the European market environment posed challenges. Despite this, the Group's new product offensive is proceeding as planned, with the launch of approximately 20 new models. As of September 30, 2024, the Group's total inventory was 1.33 million units, a decrease of 129,000 units from the end of 2023.