$4 billion in negative industrial fresh cash flow marked Stellantis' third quarter, even as the automaker pressed ahead with a $70 billion turnaround aimed at restoring profitability.
Revenue rose 1% to 37.6 billion euros, while adjusted operating income climbed 184% to 256 million euros from 90 million euros a year earlier, suggesting early operational gains despite the cash drain.
The cash shortfall still improved from 4.3 billion euros a year earlier, and Stellantis reaffirmed its target of returning to positive industrial free cash flow in 2027.
Shares rose 3.6% after the update, though the stock remains down 62% this year as Stellantis tries to reverse years of sales declines, especially in North America.