05:58 AM EDT, 10/16/2024 (MT Newswires) -- Stellantis ( STLA ) said late Tuesday it expects Q3 shipments of about 1.1 million units, down from about 1.4 million units shipped a year earlier.

The company attributed the decline to the temporary impact of transitions in its product portfolio and dealer inventory reduction initiatives.

Shipments describes volumes of vehicles delivered to the company's dealers, distributors or directly to retail and fleet customers, Stellantis ( STLA ) said.

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