ROME (Reuters) - Stellantis' ( STLA ) said on Thursday its fourth quarter shipments were down 9% compared to the previous year, to 1.395 million vehicles.

In the final three months of 2024 shipments were down 28% in North America, fell 6% in Enlarged Europe area and up 12% in South America, it added in a statement.

Stellantis ( STLA ), currently focused on reducing bloated inventories, said numbers were an improvement compared to the third quarter, when global shipments were down 20% year-on-year.