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Stellantis Stock Is Dropping After Cutting Guidance. Ford, GM Also Down.

The warning, amid similarly negative news from other car makers, also dragged down shares of Ford Motor and General Motors.Stellantis now sees full-year adjusted operating income margins coming in at 5.

MarketWatch on MSN · 4h

GM and Ford stocks drop after Jeep owner Stellantis cuts profit view

General Motors Corp.’s stock was down nearly 4% and Ford Motor Co. fell 3.1% in premarket trading on Monday after Jeep owner Stellantis NV warned it’s facing increased competition from Chinese auto makers and lower wholesale shipments.

Business Insider · 4h

Stellantis Drops 13% In Pre-market On Lowered Guidance

Shares of Stellantis N.V. (STLA) were falling more than 13 percent in pre-market on Monday to $13.94, after the automaker slashed its

Carmaker Stellantis slashes forecasts

Hosted on MSN · 1h

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.

ABC · 6h

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 automobile industry faces a slump and increased Chinese competition

SchaeffersResearch.com · 2h

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,

China, Stellantis and Aston Martin

CNN · 6h

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.

The Financial Times · 8h

Stellantis and Aston Martin blame weaker China demand for profit warnings

Stellantis and Aston Martin have become the latest European carmakers to issue profit warnings as the industry is hammered by competition from cheaper Chinese rivals. In recent weeks, Germany’s Volkswagen,

Reuters · 11h

Aston Martin warns of lower profit on supply chain, China woes

Aston Martin on Monday warned of lower annual core profit and cut its forecast for production volumes on supply chain disruptions and weakness in China, sending shares 8% lower in early trade.

28mon MSN

Why Stellantis Stock Is Crashing Today

Although the sheer scope of it is jarring, to forward-thinking investors, today's plunge from Stellantis stock to a new ...

Stellantis Cuts 2024 Profit Outlook as US Sales Crisis Deepens

PARIS (Reuters) - Stellantis cut its 2024 profit forecast on Monday and warned it will burn through more cash than expected ...

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 ...

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 ...

GM’s and Ford’s stocks drop after Jeep owner Stellantis cuts profit-margin view

General Motors Corp.’s stock and Ford Motor Co.’s stock dropped Monday after Jeep owner Stellantis NV warned it’s facing ...

Stellantis sees things going from bad to worse

Chrysler, and Dodge slashed its full-year financial expectations on Monday, as CEO Carlos Tavares looks to fix the company’s ...

UAW urges Stellantis workers to authorize strike, accuses car maker of breaching contract

The United Auto Workers union asked the workers at Stellantis to authorize a strike, accusing the French-Italian car maker of ...

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 ...

31m

Dodge-parent Stellantis tumbles on warning, dragging auto stocks lower

Stellantis stock tumbled 13% early Monday after the company issued a stark warning about its North American operations, ...

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