Market Chatter: Stellantis 'On Track' to Achieve Full-Year Outlook, CEO Says

MT Newswires Live12-05 00:16

Stellantis (STLA) is "on track" with its full-year guidance through the end of November, Bloomberg said Thursday, citing Chief Executive Antonio Filosa.

The company is seeing positive trends in the US market that are "very sustainable" and Filosa was confident that Stellantis will improve quarter after quarter, according to the report.

In July, Stellantis re-established its financial guidance and said it expected H2 revenue to increase sequentially from H1.

Shares of the company were up more than 3% in recent trading Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 11.90, Change: +0.44, Percent Change: +3.84

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