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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.
Stellantis slashing financial outlook amid industry slump, Chinese competition
Stellantis said it was accelerating efforts to turn around North America, including bringing dealer inventory levels to no more than 300,000 vehicles by the end of the year.
Stellantis reduce pronósticos ante contracción de la industria y competencia de China
La fabricante automotriz Stellantis redujo el lunes sus pronósticos de ingresos, citando las inversiones para reestructurar sus operaciones estadounidenses en medio de un descenso generalizado en la industria y la creciente competencia china.
Stellantis Stock Sinks on Slashed Profit Forecast
On the charts, Stellantis stock is trading at its lowest level since January 2023, and a far-cry from its late-March record high of $29.51. The security is on track for its largest single-day percentage loss since March 2020,
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French-Italian car giant Stellantis sees sales in US crash by one fifth
Stellantis extended its quarterly delivery decline in the US, with car sales falling 20% year-on-year. The company is ...
2d
Jeep Owner Stellantis Warns of Deterioration Across Global Car Industry
The car giant said it will accelerate its push to cut inventories on U.S. dealer lots by adding discounts and shipping fewer ...
2d
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 ...
Transport Topics
16h
Stellantis’ US Sales Plunge in Sign of Deepening Strains
Stellantis NV’s U.S. sales plunged 20% last quarter as the beleaguered automaker struggled to tame bloated inventories amid ...
2d
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 ...
cbtnews
1d
Stellantis issues recall for 194,000 Jeep Plug-In Hybrids amidst financial challenges
Stellantis has announced a recall of 194,000 plug-in hybrid Jeep SUVs, specifically for Jeep Wranglers and Grand Cherokees.
2d
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 ...
1d
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 ...
2d
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 ...
2d
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 ...
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