Franco-global auto-making conglomerate Stellantis has shrugged off the effects of the prolonged North American strikes to post third-quarter revenues of 45.1 billion euros.
Its revenue climbed 7% over the third quarter of 2022, and its deliveries rose 11% to 1.48 million vehicles to September 30.Its battery-electric vehicles are also booming, with 37% growth over Q3 2022, lead by the Jeep Avenger, the Peugeot E-208, the Fiat New 500e and the commercial Citroen E Berlingo.
Chief Financial Officer Natalie Knight, who signed on in the second quarter, told a media call today that it was the least impacted of the Detroit Three during the six-week strikes. “Today, we are focused on maintaining our momentum by delivering industry-leading profitability and cash flows, addressing critical near-term industry challenges, and continuing our electrification and technology transformation.Stellantis only reached a wage agreement with its Canadian union on Monday, just days after it settled with the United Auto Workers south of the border on a deal that brought the top pay rate to more than $42 per hour by 2028.