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Stellantis shares plunge
Stellantis and Aston Martin shares drop sharply after profit warnings amid China woes
Stocks of European carmakers hemorrhaged early on Monday as Stellantis and British luxury brand Aston Martin issued profit warnings.
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 board.
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 forecasts for full-year profitability and cash flow, citing weaker global sales and increased competition from Chinese rivals.
1d
on MSN
Ford, GM Stocks fall 3% After Jeep Maker Stellantis Warns About China Competition
Ford and General Motors stock fell after rival car maker Stellantis revised down its 2024 financial guidance, citing ...
23h
Stellantis slashes guidance, cites rising China competition
Shares of Stellantis (STLA) are plunging in extended-hours trading after the carmaker slashed its earnings forecast, ...
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 ...
Torque News
2d
Stellantis CEO Says Tariffs Won't Stop Chinese Dominance
Stellantis CEO Carlos Tavares is correct in saying the Tariffs on Chinese cars are stetting the western auto industry up to ...
1d
Stellantis plunges 14% after lowering forecast: what’s driving the struggles?
Stellantis NV slashes its annual forecasts due to worsening industry trends, rising costs in the US, and fierce Chinese ...
Automotive News
2d
Why Stellantis wants to be more like the Chinese to compete on EVs
Stellantis CEO Carlos Tavares wants to adopt the low-cost mindset of Chinese EV makers, but the automaker must navigate trade ...
1d
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 ...
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