Stellantis Shipments Jump 13% on Rise in North America

Stellantis NV’s third-quarter shipments climbed 13%, led by a rise in North America, pointing to a recovery after the ailing carmaker worked down inventory in the US.
The company delivered an estimated 1.3 million vehicles to dealers and other customers in the period, according to a statement. North American shipments jumped 35%, as Stellantis reintroduced popular models like the V8-powered Ram 1500 pickup. Rival Volkswagen AG on Friday also reported rising deliveries, citing strong demand for its electric models. Bloomberg’s Steve Man reports. (Source: Bloomberg)