Stellantis Warns of Charges, Shares Slide | JQJO

Stellantis warned of one-off charges in the second half as it navigates political, economic and regulatory pressures, yet reaffirmed guidance on improving revenue, cash flow and operating income. Third-quarter net revenues rose 13% to 37.2 billion euros, topping consensus, driven by North America and Europe. Shares fell as much as 6% before trading about 5% lower; the stock is down over 25% this year. CEO Antonio Filosa cited strategic shifts, including a recently announced $13 billion U.S. investment with five new vehicles and more than 5,000 jobs.