By David Sachs
Stellantis is scheduled to report revenue and shipment results for the third quarter on Tuesday. Here is what you need to know:
SALES FORECAST: The Netherlands-based, multinational automaker is expected to post revenue of 42.45 billion euros ($44.85 billion) compared with EUR42.10 billion in the third quarter of last year, according to a FactSet poll of five analysts.
WHAT TO WATCH:
–STRIKE EFFECTS: Analysts expect executives to touch on the impact from the strike in the U.S, which has been paused as the United Auto Workers union weighs an offer that includes a 25% pay raise over four-and-a-half years. The cost of the six-week strike ran an estimated $1 billion-$1.5 billion, Bernstein analysts said in a note.
–DEMAND: Stellantis pinched production of Fiat battery-electric vehicles and Maseratis in Italy in the third quarter, which could affect shipments and revenue. It has outlined additional production cutbacks this quarter as part of what analysts believe is an inudstry-wide trend of weakening demand.
–TOUGH COMPARISONS: Stellantis, like other car companies, had a strong third quarter last year that included revenue jumping 29% and shipments rising 13%.
Write to David Sachs at [email protected]
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