Stellantis stock jumped about 12% in early New York trading on Wednesday after the Jeep and Chrysler owner held firm on its full-year outlook. Third-quarter revenue edged up 1% to â¬37.6 billion. Adjusted operating income almost tripled to â¬256 million from â¬90 million a year ago. The company still burned cash, with industrial free cash flow at minus â¬4 billion, slightly better than minus â¬4.3 billion last year. CEO Antonio Filosa said the turnaround launched in May is running ahead of plan and repeated that free cash flow should turn positive in 2027. He expects savings to top the â¬6 billion target by 2028. RBC Capital Marketsâ Tom Narayan said that rival carmakers and suppliers are cutting forecasts while Stellantis kept its own.
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