Jeep Parent Stellantis Sees Shipments Sink as the Carmaker Clears US Inventories

Key TakeawaysStellantis' fourth-quarter shipments slumped as the carmaker reduced the number of vehicles it had in its U.S. inventory.Shipments declined an estimated 28% year-over-year in North America as Stellantis cut U.S. inventory levels by 80,000 units.South America was the only region in which shipments rose from a year earlier. Stellantis (STLA) shares lost ground in intraday trading Thursday after the carmaker reported a big drop in shipments as it cleared out U.S. inventory. The parent of brands in ...