Stellantis has said that strike action in North America in the third quarter negatively impacted its net revenues for the quarter by approximately €3bn, compared to planned production through October.
However, the company delivered a 7% year-over-year increase of Q3 net revenues – to €45.1bn – driven by continued strength in shipments in markets across the world.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company also said that Q3 global vehicle shipments of just over 1.4m units were up 11% versus the same quarter of last year.
Pre-tax operating profit during the NA walkout period was negatively impacted by under €750 million, the company said.
Global BEV sales were up 37% versus Q3 2022 mainly driven by the Jeep Avenger and growing commercial BEV vehicles sales led by the Citroën ë-Berlingo.
Stellantis CEO Natalie Knight said: “In the first half of this year, Stellantis emerged as the industry leader for AOI, AOI margin, and Industrial Free Cash Flows among its comparable peers. Today, we are focused on maintaining 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 is propelling the execution of our Dare Forward 2030 strategy.”
