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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.
Italy's carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition
MILAN (AP) — Italy's Stellantis, the world’s fourth largest carmaker, slashed its earnings forecast on Monday, citing investments to turn around its U.S. operations amid a wider industry slump and increased Chinese competition.
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.
1d
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 ...
8h
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 ...
22h
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 ...
2h
Stellantis' $854 million UK lawsuit over airbag, seatbelt cartels begins
London lawsuit against two safety equipment makers began on Tuesday, with the European carmaker arguing long-running cartels ...
3h
Stellantis Stock Has Worst Day Since 2020 After Automaker Cuts Guidance
Global car stocks dropped after Jeep maker Stellantis joined Volkswagen and others in cutting earnings forecasts, signaling a ...
24/7 Wall St
1d
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 ...
1h
on MSN
Stellantis CEO to address Italy parliament as demand for electric car weakens
Stellantis' chief Carlos Tavares will address an Italian parliamentary committee next week on the prospects for the ...
1d
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 ...
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