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International Business Times
International Business Times
Business
AFP News

Sales Slump 27% At Carmaker Stellantis

No roar from Stellantis in the third quarter but the carmaker hopes that new models will soon rev up sales (Credit: AFP)

Stellantis, the carmaker which owns the Jeep, Peugeot and Fiat brands, said Thursday that its sales fell 27 percent in the third quarter because of market difficulties in North America.

The group said it had trouble getting through stocks of vehicles in the United States and had been hit in Europe by the transition to new generation vehicles, with delays for new car launches, including the Citroen C3 and C3 Aircross.

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