Jeep Parent Stellantis Sees Shipments Sink as the Carmaker Clears US Inventories

1. Stellantis' U.S. shipments dropped 28% year-on-year amid inventory cuts. 2. Overall shipments declined 9% year-on-year, totaling 1.4 million in Q4. 3. South America saw a 12% increase in shipments due to strong demand. 4. Shipments across China and Asia Pacific fell 33%, affecting overall performance. 5. Stellantis shares declined 1.5%, suffering a 40% drop over the past year.