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Carmaker Stellantis slashes forecasts
Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition
Carmaker Stellantis has slashed its earnings forecast, citing investments to turn around its U.S. operations as the wider automobile industry faces a slump and increased Chinese competition.
Stellantis Cuts Forecasts in Further Blow to Besieged Carmakers
Stellantis NV slashed its forecasts for the year, citing plans to lower production and spend more on promotional incentives in a slowing and more competitive auto market.
Why Stellantis is bringing Chinese carmaker Leapmotor to Europe
In exchange for access to the European market, the vehicle manufacturer is making its technology available to the Franco-American-Italian group.
Stellantis cuts 2024 profit outlook
Stellantis cuts 2024 profit outlook as US sales crisis deepens
Stellantis cut its 2024 profit forecast on Monday and warned it will burn through more cash than expected as Europe's No.2 carmaker pledged to reduce output and offer big discounts to revive its U.S.
Stellantis lowers profit outlook for 2024, plans more inventory cuts in US
Stellantis had been forecasting double digit adjusted operating income margins for this year, until Monday. Now the automaker is changing its outlook.
Stellantis lowers 2024 outlook, accelerates inventory reductions
Stellantis NV on Monday lowered its annual financial guidance for the year and said it was accelerating actions to reduce U.S. inventories as sales struggle. The transatlantic automaker is forecasting an adjusted operating income margin of 5.
22h
Stellantis shares plunge as carmaker follows Volkswagen in warning on profits
Shares in Chrysler parent Stellantis plunged almost 14% in Milan Monday after the Italian-American carmaker slashed its ...
21h
on MSN
Stellantis becomes second carmaker to issue profit warning in 4 days as China rivalry bites
Once celebrated, CEO Carlos Tavares has to worry about his job amid a dealer revolt and a new successor search by his own ...
4h
Auto stocks crash after top carmaker Stellantis NV slashes annual forecast; Ford down 3%, General Motors sink 4%
Ford shares fell over three per cent and GM by around four per cent after Stellantis NV lowered its 2024 forecast ...
24/7 Wall St
22h
Ford's Shares Dragged Down by Stellantis Warning
Stellantis warned that this year's financial results would be worse than expected. Ford investors worry it will disappoint ...
13h
Why Stellantis Stock Is Crashing Today
Cash flow is expected to suffer as well. Stellantis adds that its prior 2024 outlook for "positive" free cash flow has been updated to negative free cash flow of between 5 billion and 10 billion euros ...
Yahoo Finance
4h
Trending tickers: Apple, Greggs, Stellantis and Super Micro Computer
Despite Tuesday's fall in share price, Greggs is still up 14% year-to-date.
Carmaker
Stellantis
tumbled in Monday's ...
22h
Carmaker Stellantis slashes forecasts, faces industry slump and Chinese competition
Carmaker Stellantis has slashed its earnings forecast, citing investments to turn around its U.S. operations as the wider ...
17h
on MSN
European carmakers warn on profits in the face of weak demand and rising costs
European carmaker Stellantis on Monday joined bigger rival Volkswagen and others in warning about the worsening outlook for ...
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