Stellantis Reports $4.5 Billion Third-Quarter Cash Drain
Stellantis reported a roughly $4.5 billion cash drain in the third quarter. Revenue rose 1% year over year; the supplied body truncates before giving the revenue amount.
Stellantis N.V. (STLA, Financials), the automaker behind Jeep and Chrysler, reported a roughly $4.5 billion cash drain in the third quarter as it continued a multiyear turnaround aimed at restoring profitability.Revenue increased 1% from a year earlier to 37.6 billion euros, while adjusted operatin…