Stellantis CEO Pledges Cash Flow Gains After Q1 Results
CEO Antonio Filosa pledged cash flow gains after shares fell on a 1.9 billion euro quarterly burn. Results were aided by 400 million euros in U.S. tariff refunds.
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STELLANTIS NV shares fell 10% midday Thursday after industrial free cash flow reached negative 1.9B euros in the first quarter. The cash burn improved from 3B euros a year ago but missed analyst expectations for the period. Investors are questioning the automaker's ability to stabilize margins as it scales back electric vehicle ambitions.
