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Stellantis stock rises 12% as automaker's turnaround plan, cost cuts gain traction

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EXECUTIVE SUMMARY

European car giant Stellantis said Wednesday that it recorded a 4 billion euro ($4.5 billion) cash shortfall in the third quarter.

Key Takeaways

  • Stellantis stock rises 12% as automaker's turnaround plan, cost cuts gain traction.
  • European car giant Stellantis said Wednesday that it recorded a 4 billion euro ($4.5 billion) cash shortfall in the third quarter.
  • European car giant Stellantis said Wednesday that it recorded a 4 billion euro ($4.5 billion) cash shortfall in the third quarter.

European car giant Stellantis said Wednesday that it recorded a 4 billion euro ($4.5 billion) cash shortfall in the third quarter.

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