Stellantis shares jump nearly 15% intraday on cost-saving outlook

Reuters reported Stellantis shares in Milan up 14.3% at 1430 GMT on Oct. 28 after the automaker outlined plans to exceed its cost-saving targets and return to positive cash flow in 2027. Third-quarter adjusted operating earnings rose to €256 million, but Stellantis recorded a €4 billion industrial cash outflow. The cost savings and cash-flow return remain management forecasts.