Stellantis' shares tumble after posting modest gains, warning of future charges

Core Viewpoint - Stellantis' shares fell 10% following modest third-quarter gains and warnings of potential future charges, despite a 13% increase in net revenues to 37.2 billion euros ($43.2 billion) [1][3] Group 1: Financial Performance - The company reported a 13% increase in shipments to 1.3 million vehicles, primarily driven by North America [2] - U.S. car sales rose 6%, achieving a market share of 8.7%, the highest in 15 months [4] - Global vehicle sales increased by 4%, with European net revenues rising by 4% [4] Group 2: Strategic Changes - CEO Antonio Filosa, who took over in June, described the results as "encouraging" and emphasized the importance of strategic changes to enhance customer choice [3][5] - Stellantis relaunched the HEMI V-8-powered RAM 1500 and plans to launch four more new models by the end of the year [2][5] Group 3: Future Outlook and Investments - The company warned of potential charges in the second half of the year due to regulatory changes and warranty estimation reviews [3] - Stellantis announced a $13 billion investment in the U.S. over four years to expand manufacturing, aiming to increase vehicle production by 50% and create 5,000 jobs [6]