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Stellantis CFO says inventory reduction in the U.S. running faster than forecast
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Stellantis CFO says inventory reduction in the U.S. running faster than forecast
Oct 31, 2024 1:02 AM

MILAN, Oct 31 (Reuters) - Stellantis' ( STLA ) inventory

reduction in the United States is running at a faster rate than

expected, CFO Doug Ostermann said in a call on Thursday on

third-quarter results.

Ostermann said product gaps were the main reason for a

decline in shipments, adding that these headwinds were expected

to diminish, especially next year.

The manager also said Stellantis ( STLA ) expects October to be

another month of rising market share in the U.S., and is

confident it will be compliant with EU emission targets for

2025.

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