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Carmaker Stellantis slashes forecasts
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.
Italy's Stellantis becomes latest car giant to issue profit warning
The struggling maker of Jeep and Ram is looking for a new CEO to succeed Carlos Taveres, who is under fire from US dealers and the United Auto Workers union after a dismal first-half financial performance.
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.
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 ...
1h
on MSN
Stellantis Extends Fiat 500 Electric Production Halt Due To Low Demand
Stellantis (NYSE:STLA) will prolong the suspension of its Fiat 500 electric city car production until Nov. 1, citing weak ...
5h
Stellantis CEO to address Italian parliamentary panel next week as demand for EVs weakens
The hearing will take place on Oct. 11, Stellantis said, after announcing it had extended the suspension of production of its ...
Automotive News
7h
Stellantis aims to keep Autobianchi, Innocenti brands, Tavares says
Although Stellantis has 15 active brands in its stable, the group does not want to give up the Autobianchi and Innocenti ...
6d
Italy's automotive workers plan to strike on Oct. 18 over a fall in output at Stellantis
Italy's main metalworkers union says workers in the automotive sector will go on strike on Oct. 18 in protest of declining ...
6d
Italy auto workers plan to strike over a fall in output at Stellantis
The transatlantic automaker registered a sharp drop in output at most of its Italian plants in the first half of 2024.
5d
Italian unions call strike at Stellantis on Oct. 18 over falling production
MILAN, Italy — Italian unions have called a one-day strike on Oct. 18 for metal workers at Stellantis and its local suppliers ...
Automotive News
1h
Stellantis extends production halt for electric Fiat 500 on poor demand
Despite the temporary production halt in output, Stellantis reiterated plans to invest $111 million to build a ...
1d
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 ...
Manufacturing
5d
Italy's Automotive Workers Plan to Strike on Oct. 18 Over Fall in Output at Stellantis
ROME (AP) — Workers in Italy's automotive sector will go on strike on Oct. 18, the main metalworkers unions said Tuesday, in ...
20h
on MSN
Italy stocks lower at close of trade; Investing.com Italy 40 down 1.69%
Italy stocks were lower after the close on Monday, as losses in the Technology, Healthcare and Financials sectors led shares ...
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