(RTTNews) – Stellantis (STLA) reported that third-quarter net revenues rose 7% year-over-year, thanks to continued strength in shipments. The “Third Engine” achieved 25% year-on-year sales growth. Global BEV sales increased by 37%.
Net revenues in the third quarter amounted to 45.1 billion euros, up 7% compared to a year ago, mainly due to improved volume and consistent pricing, partially offset by currency effects. Consolidated shipments were 1,427 thousand units, up 11%.
“We are focused on sustaining our momentum by delivering industry-leading profitability and cash flows, addressing critical near-term industry challenges and continuing our electrification and technology transformation. This growth drives the execution of our Dare Forward 2030 strategy,” said Natalie. Knight, CFO.
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