Stellantis stock jumped about 12% in early New York trading on Wednesday after the Jeep and Chrysler owner held firm on its full-year outlook. Third-quarter revenue edged up 1% to €37.6 billion. Adjusted operating income almost tripled to €256 million from €90 million a year ago. The company still burned cash, with industrial free cash flow at minus €4 billion, slightly better than minus €4.3 billion last year. CEO Antonio Filosa said the turnaround launched in May is running ahead of plan and repeated that free cash flow should turn positive in 2027. He expects savings to top the €6 billion target by 2028. RBC Capital Markets’ Tom Narayan said that rival carmakers and suppliers are cutting forecasts while Stellantis kept its own.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
OKX and Intercontinental Exchange (ICE) are facing growing opposition to their planned tokenized stock exchange,…
Ripple CEO Brad Garlinghouse said gloomy narratives about crypto keep surfacing, but the industry has…
Ripple CEO Brad Garlinghouse said the global economy no longer runs on a nine-to-five schedule,…
Ripple CEO Brad Garlinghouse said the GENIUS Act marked a turning point for many financial…
Nelson Peltz wants Wendy’s back. His firm, Trian Fund Management, has offered $7.35 a share…
Monness, Crespi, Hardt analyst Brian White has raised Apple’s (AAPL) price target to $355 from…
