Stellantis says its turnaround is gaining traction, with operating profit rising as the automaker pursues cost cuts. The Globe and Mail reports that savings are building momentum and suggests the company’s savings outlook is expected to accelerate later in the year, following two years of declining sales.
Quartz adds more detail from company results, saying adjusted operating income improves to €256 million from €90 million and that it reaffirms its 2026 forecast. However, it also reports industrial free cash flow remains negative, indicating operational gains are not yet translating into stronger cash generation. CNBC similarly highlights the cash pressure, stating Stellantis records a large cash shortfall in the third quarter while the broad turnaround plan continues.
