Automaker Stellantis is taking “drastic measures” to shore up the Jeep and Ram parent’s finances, including a belt-tightening approach known internally as the “doghouse” that seeks to put stricter limits on external spending.

Key Takeaways Stellantis reported U.S. sales slumped 20% year-over-year in the third quarter as all of its brands except Fiat posted declines.The automaker will continue to offer incentives begun in the beginning of the quarter through the rest of the year.

After a record 2023, Chrysler and Jeep parent Stellantis has hit a rough patch of road. Wall Street is growing concerned. Thursday, Barclays analyst Henning Cosman downgraded shares of Stellantis to Hold from Buy.