Automakers: Stellantis increases profit – but burns billions
For years, the parent company of Opel has been struggling with declining sales figures. After a profitable first half-year, Stellantis is once again posting losses in the third quarter.
Stellantis reported a significant operating profit jump in the third quarter, with adjusted EBIT rising to €256 million from €90 million in the same period last year. However, the company also experienced a high cash outflow of €4 billion from its industrial business. Stellantis' revenue remained stagnant at €37.6 billion. The company's CEO, Antonio Filosa, confirmed the company's 2026 forecasts and its goal to achieve a positive cash flow from 2027, to be supported by a group-wide savings program. Filosa announced a new business plan for the Maserati brand to be presented on December 10.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
