MILAN – Stellantis’ shares have dropped 10% after the world’s fourth-largest carmaker posted modest third-quarter gains and warned about possible future charges.

The company Thursday reported a 13% increase in net revenues for the three months ending in September, driven by strong North American results. Shipments rose 13% to 1.3 million vehicles with nearly 70% of new vehicles in North America.

Stellantis warned about charges in the second half of this year because of regulatory changes. CEO Antonio Filosa called the results encouraging. Stellantis plans to expand its U.S. manufacturing footprint with a $13 billion investment.

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