05:12 AM EST, 01/16/2025 (MT Newswires) -- Stellantis ( STLA ) said Thursday its Q4 shipments totaled nearly 1.4 million vehicles, down 9% from a year earlier.

Deliveries declined 33% in China, India and the Asia Pacific, 28% in North America, 6% in Europe, and stayed flat in the Middle East and Africa, the company said.

The results come as "inventory reduction actions concluded and new product launches in Europe reduced gaps in the company's offering related to our generational portfolio transition," Stellantis ( STLA ) said.