“In the first half of this year, Stellantis emerged as the industry leader for AOI, AOI margin, and Industrial Free
Cash Flows among its comparable peers. Today, we are focused on maintaining our momentum by delivering
industry-leading profitability and cash flows, addressing critical near-term industry challenges, and continuing our electrification and technology transformation. This growth is propelling the execution of our Dare Forward 2030 strategy,” said Natalie Knight, Stellantis chief financial officer, who has been in the job for ~100 days.

AutoInformed notes that Stellantis confirmed it financial guidance “where we intend to deliver diligent adjusted operating income margins both in Q4 and for the full year.” It is working at about an 11% margin, and Knight was candid about the opportunity to move from a defensive or safety first balance sheet toward one that aggressively takes advantage of the opportunities presented by the huge cash flows the business is generating – starting with higher and better profitability.