Stellantis wants to reduce its American inventory by 100,000 units.

Things are not going very well for Stellantis in North America. Sales of Jeep models, for example, are experiencing significant declines. With the discontinuation of models at Dodge, and the shift to electric vehicles, which remains a significant challenge for a brand known for its V8 engines, there is a lot of uncertainty at this manufacturer.

On the Ram truck division side, the removal of the V8 engine from the 1500 pickup still leaves many puzzled, even though the 6-cylinder inline engine that is replacing it, the famous Hurricane engine, is more powerful, more fuel-efficient, and very promising.

In short, the group is working hard to bring profitability back to the forefront. Stellantis announced that it is looking to reduce its North American inventories by 100,000 units by the beginning of next year.

The company had already reduced its inventories by about 40,000 units in July and August, and it is clear that more needs to be done.

The manufacturer wants to focus its efforts on one thing in particular: “how we position North America for 2025 in a better and healthier place,” said Natalie Knight, the company’s CFO, during a virtual conference held today (Monday).

Stellantis stated earlier this year that the group’s total inventories were around 1.4 million units at the end of the first half of 2024, at the same time when its adjusted operating profit dropped by 40% due to poor commercial performance in North America, where it usually makes the most profit.

A decision had to be made.

It will be interesting to see how the company navigates through these troubled waters.

Original content from auto123.

The text “Stellantis wants to reduce its American stocks by 100,000 units” is from L’annuel de l’automobile – Actualité automobile.