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00:02Stellantis reported third-quarter adjusted operating income of 256 million euros,
00:08289 million, up 184% from 90 million euros a year earlier, according to CNBC.
00:14Revenue rose 1% to 37.6 billion euros,
00:18while negative industrial free cash flow improved to 4 billion euros from 4.3 billion euros.
00:24The Chrysler and Jeep parent reaffirmed expectations of positive industrial free cash flow in 2027
00:31as it implements its 60 billion euro, $66.7 billion turnaround strategy.
00:38CEO Antonio Filosa's five-year plan includes investing 36 billion euros in its automotive brands,
00:45with 60% allocated to North America.
00:48Stellantis plans to introduce new vehicles, refresh existing models, and incorporate new technologies.
00:54Shares have fallen 62% year-to-date.
00:57For all things money, visit Benzinga.com.
