Europe’s largest car manufacturer Stellantis reported a 20% drop in shipments and a 15% drop in sales in the third quarter of 2024

Stellantis NV’s global vehicle shipments slumped by a fifth in the third quarter as the automaker tries to trim its bloated inventories.

Stellantis expects a 20% yearly drop in consolidated shipments in the third quarter to 1.15 million units globally, the carmaker said on Wednesday. That's a steeper drop than the forecast 15% underlying sales decline,

Chrysler parent Stellantis is expanding its factory complex in northern Mexico to build Ram 1500 pickup trucks, the Wall Street Journal reported on Tuesday. Stellantis has been building additional factory space next to its existing plant in Saltillo,

Such a step by the automaker would threaten its already-frayed relationship with the UAW, which has criticized moves to cut U.S. jobs.

Stellantis has been building additional factory space next to its existing plant in Saltillo, Mexico, the report said, citing people familiar with the matter.