Stellantis shares jump 13% as turnaround gains traction

· Politics · Netherlands · Germany

Stellantis shares rose 13% after the European car giant said its turnaround plan and cost cuts are gaining traction, despite recording a 4 billion euro ($4.5 billion) cash shortfall in the third quarter. Separately, Mercedes said it will cut more jobs, restarting its Germany severance programme in December to reduce fixed costs as Chinese competition bites. Both moves show how European automakers are restructuring to cope with price pressure and a shift to electric vehicles.

Why it matters：European automakers are restructuring under pressure from Chinese rivals and the EV transition, with jobs and industrial footprints at stake across the continent.

Key points

  • Stellantis had a €4 billion cash shortfall in the third quarter.
  • Mercedes will restart its German severance programme in December.
  • Stellantis shares rose 13% on the turnaround progress.

Sources (original reporting)

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