Stellantis reports $4.5 billion cash drain in Q3

Stellantis posted a 4 billion euro ($4.5 billion) industrial cash outflow in the third quarter even as revenue rose 1% to 37.6 billion euros. Adjusted operating income jumped 184% to 256 million euros. The automaker reaffirmed its target of positive industrial free cash flow by 2027 under a $70 billion turnaround plan.

• Revenue rose 1% to 37.6 billion euros
• Adjusted operating income jumped 184% to 256 million euros
• Negative cash flow improved to 4 billion euros from 4.3 billion
• Shares are down 62% since the start of the year